Capped call hedging transactions
Company: IREN
The claim, verbatim
IREN entered into capped call transactions relating to the convertible notes with an initial cap price of $82.24 per share (100% premium over $41.12 reference price) at an estimated cost of $174.8 million
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: “IREN entered into privately negotiated capped call transactions... The cap price of the capped call transactions relating to the 2032 notes is initially $82.24 per share, which represents a premium of 100%... to fund the $174.8 million cost of entering into the capped call transactions”
How we checked this
Checked on September 27, 2026. The cited source supports every part of this claim.
The release states capped calls for both series with an $82.24 initial cap price (100% premium over $41.12), and net proceeds will fund their $174.8 million cost.
Confirmed in the source:
- IREN entered into capped call transactions relating to the convertible notes
- The initial cap price is $82.24 per share
- The cap price is a 100% premium over the $41.12 last reported sale price
- The capped call transactions cost $174.8 million
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: “IREN entered into privately negotiated capped call transactions... The cap price of the capped call transactions relating to the 2032 notes is initially $82.24 per share, which represents a premium of 100%... to fund the $174.8 million cost of entering into the capped call transactions”