Estimated net proceeds from convertible notes offering
Company: IREN
The claim, verbatim
IREN estimates net proceeds of approximately $1,973.8 million from the convertible notes offering (or approximately $2,270.0 million if initial purchasers exercise options), after deducting discounts, commissions, and offering expenses
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 estimates that the net proceeds from the offering will be approximately $1,973.8 million (or approximately $2,270.0 million if the initial purchasers fully exercise their options to purchase additional notes), after deducting the initial purchasers' discounts and commissions and IREN's estimated offering expenses.”
How we checked this
Checked on September 27, 2026. The cited source supports every part of this claim.
The release gives these net proceeds estimates; the $2,270.0 million figure assumes the purchasers fully exercise their options.
Confirmed in the source:
- IREN estimates net proceeds of approximately $1,973.8 million from the notes offering
- Net proceeds would be approximately $2,270.0 million if the initial purchasers fully exercise their options
- The estimates are after deducting initial purchasers' discounts and commissions and estimated offering expenses
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 estimates that the net proceeds from the offering will be approximately $1,973.8 million (or approximately $2,270.0 million if the initial purchasers fully exercise their options to purchase additional notes), after deducting the initial purchasers' discounts and commissions and IREN's estimated offering expenses.”