$109.4M equipment financing drawn as of Jun 30, 2022
Company: IREN
The claim, verbatim
According to the complaint, Iris reported $110.0M cash and no corporate debt as of Jun 30, 2022, while $109.4M of limited-recourse equipment financing sat in wholly owned subsidiaries. Plaintiff alleges this framing downplayed the debt.
Source (primary)
MALOUF v. <mark>IRIS ENERGY LIMITED</mark> — Entry #1: COMPLAINT against MICHAEL ALFRED, DAVID BARTHOLOMEW, CHRISTOPHER GUZOWSKI, IRIS ENERGY LIMITED, BELINDA NUCIFORA, DANIEL ROBERTS, WILLIAM ROBERTS ( Filing and… (RECAP, court_filing)
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Quote: “[e]xisting equipment financing ($109.4 million as of June 30, 2022) is limited recourse financing within wholly owned subsidiaries of the Company”
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 MALOUF v. <mark>IRIS ENERGY LIMITED</mark> — Entry #1: COMPLAINT against MICHAEL ALFRED, DAVID BARTHOLOMEW, CHRISTOPHER GUZOWSKI, IRIS ENERGY LIMITED, BELINDA NUCIFORA, DANIEL ROBERTS, WILLIAM ROBERTS ( Filing and…
Quote: “[e]xisting equipment financing ($109.4 million as of June 30, 2022) is limited recourse financing within wholly owned subsidiaries of the Company”