Going concern doubts disclosed in June 2022 audit report
Company: IREN
The claim, verbatim
Audit report for fiscal year ended June 30, 2022 stated that significant uncertainties exist about the Group's ability to generate positive free cash flow and raise sufficient capital to fund outstanding purchase commitments, raising substantial doubt about the Group's ability to continue as a going concern
Source (primary)
IREN 6-K filed 2023-05-22 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the audit report dated September 13, 2022 on the Company's consolidated financial statements as of and for the fiscal year ended June 30, 2022 contained a separate paragraph stating that "significant uncertainties exist about the Group's ability to generate positive free cash flow and raise sufficient capital to fund outstanding purchase commitments. These conditions raise substantial doubt about the Group's ability to continue as a going concern"”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document quotes the June 30, 2022 audit report going concern paragraph exactly as claimed.
Confirmed in the source:
- The audit report for fiscal year ended June 30, 2022 cited significant uncertainties about generating positive free cash flow and raising sufficient capital to fund outstanding purchase commitments
- These conditions raised substantial doubt about the Group's ability to continue as a going concern
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1878848/000114036123025866/brhc20053301_6k.htm) in full (8,030 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN 6-K filed 2023-05-22
Quote: “the audit report dated September 13, 2022 on the Company's consolidated financial statements as of and for the fiscal year ended June 30, 2022 contained a separate paragraph stating that "significant uncertainties exist about the Group's ability to generate positive free cash flow and raise sufficient capital to fund outstanding purchase commitments. These conditions raise substantial doubt about the Group's ability to continue as a going concern"”