Transition to U.S. domestic filer status and U.S. GAAP reporting in 2025
Company: IREN
What the later record shows
Delivered on time · happened August 28, 2025
IREN filed a 10-K, a domestic filer form, under U.S. GAAP on 2025-08-28. That filing states that Bitcoin sale proceeds were reclassified to operating activities upon the GAAP transition.
“Accordingly, upon transition to GAAP, cash proceeds from the sale of Bitcoin mined have been reclassified from investing activities to operating activities.”
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
IREN expects to begin reporting under U.S. GAAP as part of its transition to U.S. domestic filer status in 2025. Under U.S. GAAP it expects to classify proceeds from sales of mined Bitcoin as operating cash flows.
Source (primary)
iren 8-K exhibit (pressreleaserestatemento.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-18)Live source ↗
Quote: “IREN expects to classify proceeds from sales of Bitcoin mined as cash flows from operating activities in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") once the Company begins reporting under U.S. GAAP in connection with its transition to U.S. domestic filer status in 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 (pressreleaserestatemento.htm)
Quote: “IREN expects to classify proceeds from sales of Bitcoin mined as cash flows from operating activities in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") once the Company begins reporting under U.S. GAAP in connection with its transition to U.S. domestic filer status in 2025”
confirms IREN 10-K filed 2025-08-28
Quote: “Accordingly, upon transition to GAAP, cash proceeds from the sale of Bitcoin mined have been reclassified from investing activities to operating activities.”