Bitmain August 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 $45.3 million August 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 $45.3 million owed to Bitmain for 39,000 S21 XP miners under the August 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 $45.3 million for the purchase of such 39,000 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 filing states that under the August 2024 Agreement to buy 39,000 Bitmain S21 XP miners, the remaining balance of $45.3 million is due by July 2025.
Confirmed in the source:
- A remaining balance of $45.3 million is owed to Bitmain for 39,000 S21 XP miners
- This balance arises under the August 2024 Agreement with Bitmain
- The 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 $45.3 million for the purchase of such 39,000 miners is due by July 2025”