Decision on 9 EH/s T21 miner purchase options during 2024
Company: IREN
What the later record shows
Partly delivered · new target March 31, 2025
In May 2024 the option expiry was pushed from September 2024 to March 2025, and the options could also be used for S21 Pro miners. By December 31, 2024 IREN had exercised options on 47,980 miners, but 3,500 were still unexercised, and that was still true at March 31, 2025.
“o Contract size of up to 9 EH/s (if T21 selected in full) or 11 EH/s (if S21 Pro selected in full) o Option expiry in March 2025 (previously September 2024)”
2024-05-14 · iren 8-K exhibit (ef20027345_ex99-5.htm) View cached copy (2026-11-05)Live source ↗
“$21.2 million on the 47,980 miners for which we have exercised our option to purchase, $1.6 million on the 3,500 miners for which we have not yet exercised our option to purchase”
2025-03-19 · iren 8-K exhibit (irenlimited-exx992dec2024x.htm) View cached copy (2026-10-18)Live source ↗
“$1.6 million on the 3,500 miners for which we have not yet exercised our option to purchase”
2025-05-13 · iren 8-K exhibit (irenlimited-exx994mar2025.htm) View cached copy (2026-10-15)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
The 12 EH/s comprises 3 EH/s of Bitmain T21 purchases and 9 EH/s of T21 purchase options; IREN will decide on exercising the options during 2024 based on market conditions.
Source (primary)
iren 8-K exhibit (ef20025647_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-08)Live source ↗
Quote: “Bitmain T21 miner purchases of 3 EH/s and T21 miner purchase options of 9 EH/s. Final decisions with respect to exercising miner purchase options will be made during 2024”
How we checked this
Checked on November 9, 2026. The cited source supports every part of this claim.
The document's notes break the 12 EH/s into 3 EH/s of T21 purchases and 9 EH/s of T21 purchase options. They say final decisions on the options will be made during 2024 taking market conditions into account.
Confirmed in the source:
- The 12 EH/s of additional mining hardware comprises 3 EH/s of Bitmain T21 miner purchases
- The 12 EH/s includes 9 EH/s of T21 miner purchase options
- IREN will make final decisions on exercising the miner purchase 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/1878848/000114036124016752/ef20025647_ex99-1.htm) in full (14,965 characters, retrieved November 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms iren 8-K exhibit (ef20025647_ex99-1.htm)
Quote: “Bitmain T21 miner purchases of 3 EH/s and T21 miner purchase options of 9 EH/s. Final decisions with respect to exercising miner purchase options will be made during 2024”