Bitmain May 2024 Agreement balance due May 2025
Company: IREN
What the later record shows
Outcome not yet confirmed
The 10-K reports $587.3 million paid to Bitmain in fiscal 2025 and $79.7 million still due in fiscal 2026. It does not say whether the specific $45.6 million May 2024 Agreement balance was paid by May 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 $45.6 million owed to Bitmain for 51,480 S21 Pro miners under the May 2024 Agreement is due by May 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 $45.6 million for the purchase of 51,480 Bitmain S21 Pro is due by May 2025”
How we checked this
Checked on October 16, 2026. The cited source supports every part of this claim.
The filing states that under the May 2024 Agreement with Bitmain, the remaining balance of $45.6 million for 51,480 S21 Pro miners is due by May 2025.
Confirmed in the source:
- A remaining balance of $45.6 million is owed to Bitmain for 51,480 S21 Pro miners
- This balance arises under the May 2024 Agreement with Bitmain
- The balance is due by May 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 $45.6 million for the purchase of 51,480 Bitmain S21 Pro is due by May 2025”