Repurchase of convertible notes
Company: IREN
What the later record shows
Delivered on time · happened December 8, 2025
IREN closed the repurchase of $227.7M of 2030 notes and $316.6M of 2029 notes for about $1,632.4M at the same time as the notes offering closed. That offering was issued on December 8, 2025.
“Concurrently with the closing of the Convertible Notes Offering, IREN closed its separate, privately negotiated transactions with a limited number of holders”
2025-12-07 · iren 8-K exhibit (ef20060782_ex99-1.htm) View cached copy (2026-09-24)Live source ↗
“the Existing Convertible Notes that were repurchased by IREN have been extinguished and, accordingly, will no longer be convertible into IREN’s ordinary shares”
2025-12-07 · iren 8-K exhibit (ef20060782_ex99-1.htm) View cached copy (2026-09-24)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
IREN is repurchasing approximately $227.7 million principal of 3.25% convertible notes due 2030 and $316.6 million principal of 3.50% convertible notes due 2029 for approximately $1,632.4 million aggregate repurchase price
Source (primary)
iren 8-K exhibit (ny20060080x4_ex99-2.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-24)Live source ↗
Quote: “to repurchase approximately $227.7 million aggregate principal amount of the Existing 2030 Convertible Notes and approximately $316.6 million aggregate principal amount of the Existing 2029 Convertible Notes for an aggregate repurchase price of approximately $1,632.4 million”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The document describes privately negotiated repurchases of these note amounts at these coupons and maturities for an aggregate price of about $1,632.4 million. It notes the repurchase is subject to closing conditions.
Confirmed in the source:
- IREN agreed to repurchase approximately $227.7 million principal amount of its 3.25% convertible senior notes due 2030
- IREN agreed to repurchase approximately $316.6 million principal amount of its 3.50% convertible senior notes due 2029
- The aggregate repurchase price is approximately $1,632.4 million
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1878848/000114036125044095/ny20060080x4_ex99-2.htm) in full (8,771 characters, retrieved September 24, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms iren 8-K exhibit (ny20060080x4_ex99-2.htm)
Quote: “to repurchase approximately $227.7 million aggregate principal amount of the Existing 2030 Convertible Notes and approximately $316.6 million aggregate principal amount of the Existing 2029 Convertible Notes for an aggregate repurchase price of approximately $1,632.4 million”
confirms iren 8-K exhibit (ef20060782_ex99-1.htm)
Quote: “Concurrently with the closing of the Convertible Notes Offering, IREN closed its separate, privately negotiated transactions with a limited number of holders”