Estimated net proceeds of convertible offering
Company: IREN
The claim, verbatim
IREN estimates net proceeds of approximately $486.1 million, or approximately $534.9 million if the additional-notes option is fully exercised.
Source (primary)
iren 8-K exhibit (ef20050462_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-13)Live source ↗
Quote: “IREN estimates that the net proceeds from the offering will be approximately $486.1 million (or approximately $534.9 million if the initial purchasers fully exercise their option to purchase additional notes)”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
Both net proceeds figures appear in the use-of-proceeds section.
Confirmed in the source:
- IREN estimates net proceeds of approximately $486.1 million
- Net proceeds would be approximately $534.9 million if the initial purchasers fully exercise their option to buy additional notes
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1878848/000114036125022117/ef20050462_ex99-1.htm) in full (18,037 characters, retrieved October 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms iren 8-K exhibit (ef20050462_ex99-1.htm)
Quote: “IREN estimates that the net proceeds from the offering will be approximately $486.1 million (or approximately $534.9 million if the initial purchasers fully exercise their option to purchase additional notes)”