Bitmain January 2024 Agreement balance due July 2025
Company: IREN
What the later record shows
Outcome not yet confirmed
The 10-K says $79.7 million in Bitmain payments was due in fiscal 2026, which began July 2025. It does not say whether the $26.6 million January 2024 Agreement balance was paid by July 2025.
“made contractual payments to Bitmain of $587.3 million. Another $79.7 million in contractual payments is due to Bitmain in fiscal year 2026.”
2025-08-27 · IREN 10-K filed 2025-08-28 View cached copy (2026-08-31)Live source ↗
Checked October 15, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
The remaining $26.6 million owed to Bitmain for 48,000 miners under the January 2024 Agreement is due by July 2025.
Source (primary)
iren 8-K exhibit (irenlimited-exx994mar2025.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-15)Live source ↗
Quote: “the remaining balance of $26.6 million with respect to such 48,000 miners is due by July 2025”
How we checked this
Checked on October 16, 2026. The cited source supports every part of this claim.
The Hardware Purchases section states that $26.6 million remains owed to Bitmain for the 48,000 miners under the January 2024 Agreement, due by July 2025.
Confirmed in the source:
- The January 2024 Agreement is with Bitmain
- The agreement covers an option over 48,000 additional miners, which IREN exercised in full
- The remaining balance for those 48,000 miners is $26.6 million
- The remaining balance is due by July 2025
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1878848/000187884825000043/irenlimited-exx994mar2025.htm) in full (129,213 characters, retrieved October 15, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms iren 8-K exhibit (irenlimited-exx994mar2025.htm)
Quote: “the remaining balance of $26.6 million with respect to such 48,000 miners is due by July 2025”