Use of proceeds for growth and data center
Company: IREN
The claim, verbatim
Proceeds from share sales will be used to fund growth initiatives including hardware purchases and acquisition and development of data center sites and facilities, plus working capital
Source (primary)
IREN 6-K filed 2022-09-23 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “The Company expects that any proceeds it receives from such sales to B. Riley Principal Capital II will be used to fund its growth initiatives (including hardware purchases and acquisition and development of data center sites and facilities), and for working capital and general corporate purposes.”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document states proceeds are expected to fund growth initiatives including hardware and data center sites, plus working capital.
Confirmed in the source:
- Proceeds will be used to fund growth initiatives including hardware purchases and acquisition and development of data center sites and facilities
- Proceeds will be used for working capital
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1878848/000114036122034465/ny20005141x2_6k.htm) in full (14,853 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN 6-K filed 2022-09-23
Quote: “The Company expects that any proceeds it receives from such sales to B. Riley Principal Capital II will be used to fund its growth initiatives (including hardware purchases and acquisition and development of data center sites and facilities), and for working capital and general corporate purposes.”