Use of proceeds: prepaid forward funding
Company: IREN
The claim, verbatim
IREN intends to use approximately $92.5 million of net proceeds to fund the prepaid forward transaction, with the remainder for general corporate purposes and working capital.
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: “approximately $92.5 million to fund the cost of entering into the prepaid forward transaction described below and the remainder of the net proceeds from the offering 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 both the $92.5 million prepaid forward allocation and the remainder's purpose.
Confirmed in the source:
- IREN intends to use approximately $92.5 million of net proceeds to fund the prepaid forward transaction
- The remainder of net proceeds is intended 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/1878848/000114036125022117/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: “approximately $92.5 million to fund the cost of entering into the prepaid forward transaction described below and the remainder of the net proceeds from the offering for general corporate purposes and working capital”