May 2024 Bitmain agreement remaining balance due
Company: IREN
What the later record shows
Outcome not yet confirmed
As of March 31, 2025 the $45.6m was still described as due by May 2025. Later passages give only aggregate Bitmain payments, with $79.7m still due in FY2026, and do not say whether this balance was paid.
“the remaining balance of $45.6 million for the purchase of 51,480 Bitmain S21 Pro is due by May 2025”
2025-05-13 · iren 8-K exhibit (irenlimited-exx994mar2025.htm) View cached copy (2026-10-15)Live source ↗
“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 18, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
The remaining balance (about $45.6 million) for 51,480 Bitmain S21 Pro miners under the May 2024 Agreement is due in April and May 2025.
Source (primary)
iren 8-K exhibit (irenlimited-exx992sep2024x.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-18)Live source ↗
Quote: “the remaining balance for the purchase of 51,480 Bitmain S21 Pro is due in April and May 2025”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms iren 8-K exhibit (irenlimited-exx992sep2024x.htm)
Quote: “the remaining balance for the purchase of 51,480 Bitmain S21 Pro is due in April and May 2025”