Use of proceeds
Company: IREN
The claim, verbatim
IREN intends to use part of the net proceeds to fund the capped call and prepaid forward transactions, and the remainder for general corporate purposes and working capital.
Source (primary)
iren 8-K exhibit (ef20050459_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-13)Live source ↗
Quote: “IREN intends to use the remainder of the net proceeds for general corporate purposes and working capital”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
The 'Use of proceeds' section states each of these intended uses.
Confirmed in the source:
- IREN intends to use a portion of the net proceeds to fund the capped call transactions
- IREN intends to use a portion of the net proceeds to fund the prepaid forward transaction
- IREN intends to use the remainder of the net proceeds for general corporate purposes and working capital
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1878848/000114036125022103/ef20050459_ex99-1.htm) in full (16,322 characters, retrieved October 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms iren 8-K exhibit (ef20050459_ex99-1.htm)
Quote: “IREN intends to use the remainder of the net proceeds for general corporate purposes and working capital”