$1 billion 0.25% convertible senior notes due 2032
Company: IREN
The claim, verbatim
IREN is pricing an offering of $1 billion aggregate principal amount of 0.25% convertible senior notes maturing June 1, 2032, with an initial conversion price of approximately $51.40 per share (25% conversion premium)
Source (primary)
iren 8-K exhibit (ny20060080x4_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-24)Live source ↗
Quote: “$1 billion aggregate principal amount of 0.25% convertible senior notes due 2032 (the "2032 notes")... The initial conversion price represents a premium of approximately 25%”
How we checked this
Checked on September 27, 2026. The cited source supports every part of this claim.
The press release states the 2032 notes' amount, coupon, June 1, 2032 maturity, ~$51.40 conversion price and ~25% premium.
Confirmed in the source:
- IREN announced pricing of $1 billion aggregate principal amount of 0.25% convertible senior notes due 2032
- The 2032 notes mature on June 1, 2032
- The 2032 notes have an initial conversion price of approximately $51.40 per share
- The initial conversion price is a premium of approximately 25%
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1878848/000114036125044095/ny20060080x4_ex99-1.htm) in full (18,133 characters, retrieved September 24, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms iren 8-K exhibit (ny20060080x4_ex99-1.htm)
Quote: “$1 billion aggregate principal amount of 0.25% convertible senior notes due 2032 (the "2032 notes")... The initial conversion price represents a premium of approximately 25%”