Bitmain T21 miner purchase options (9 EH/s)
Company: IREN
What the later record shows
The date slipped · new target March 31, 2025
The option agreement was amended so that expiry moved from September 2024 to March 2025, and decisions were restated as being made during 2024 and 2025. Only 17,950 S21 Pro miners are shown as exercised from these options by mid-2024.
“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 ↗
“Decisions with respect to the Childress expansion and exercising all, some or none of the miner purchase options will be made during 2024 and 2025”
2024-08-27 · IREN 20-F filed 2024-08-28 View cached copy (2026-08-31)Live source ↗
“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.”
2024-08-27 · IREN 20-F filed 2024-08-28 View cached copy (2026-08-31)Live source ↗
Checked November 11, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
The company holds miner purchase options with Bitmain for 9 EH/s of T21 miners plus additional purchases of 1 EH/s; decisions on exercising all, some or none of the options will be made during 2024.
Source (primary)
iren 8-K exhibit (ef20015356_ex99-2.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-11)Live source ↗
Quote: “Comprised of miner purchase options with Bitmain for 9 EH/s of T21 miners plus additional miner purchases of 1 EH/s. Decisions with respect to expansion and exercising all, some or none of the miner purchase options will be made during 2024”
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 (ef20015356_ex99-2.htm)
Quote: “Comprised of miner purchase options with Bitmain for 9 EH/s of T21 miners plus additional miner purchases of 1 EH/s. Decisions with respect to expansion and exercising all, some or none of the miner purchase options will be made during 2024”
delays IREN 20-F filed 2024-08-28
Quote: “Decisions with respect to the Childress expansion and exercising all, some or none of the miner purchase options will be made during 2024 and 2025”
delays iren 8-K exhibit (ef20027345_ex99-5.htm)
Quote: “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)”