Decision on 9 EH/s miner purchase options during 2024
Company: IREN
What the later record shows
Delivered late · happened January 2, 2025
Options for 17,950 miners were exercised by June 30, 2024. The decision on the remaining 30,050 miners was not made until January 2, 2025, just after the 2024 deadline.
“As of June 30, 2024, we had paid $79.4 million to exercise options for 17,950 S21 Pro miners, which were shipped in August 2024.”
2025-03-19 · IREN 20-F/A filed 2025-03-20 View cached copy (2026-08-31)Live source ↗
“On January 2, 2025, we exercised options for the remaining 30,050 S21 Pro miners, with a total hashrate of 7.0 EH/s”
2025-03-19 · iren 8-K exhibit (irenlimited-exx992dec2024x.htm) View cached copy (2026-10-18)Live source ↗
Checked November 8, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
IREN will make final decisions on exercising miner purchase options (9 EH/s) during 2024, based on market conditions.
Source (primary)
iren 8-K exhibit (ef20026073_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-08)Live source ↗
Quote: “Final decisions with respect to exercising miner purchase options will be made during 2024 taking into consideration market conditions.”
How we checked this
Checked on November 9, 2026. The cited source supports every part of this claim.
Footnote 4 describes 9 EH/s of miner purchase options and says final decisions on exercising them will be made during 2024, taking market conditions into consideration.
Confirmed in the source:
- The miner purchase options total 9 EH/s
- IREN will make final decisions on exercising the options during 2024
- Those decisions will take market conditions into consideration
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1878848/000114036124017811/ef20026073_ex99-1.htm) in full (16,971 characters, retrieved November 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms iren 8-K exhibit (ef20026073_ex99-1.htm)
Quote: “Final decisions with respect to exercising miner purchase options will be made during 2024 taking into consideration market conditions.”
confirms IREN 20-F/A filed 2025-03-20
Quote: “As of June 30, 2024, we had paid $79.4 million to exercise options for 17,950 S21 Pro miners, which were shipped in August 2024.”
confirms iren 8-K exhibit (irenlimited-exx992dec2024x.htm)
Quote: “On January 2, 2025, we exercised options for the remaining 30,050 S21 Pro miners, with a total hashrate of 7.0 EH/s”