Convertible Notes interest rate and payment schedule
Company: IREN
What the later record shows
Delivered; the record does not say when
Later 10-Qs confirm the 2030 notes carry a 3.25% stated rate with June 15 and December 15 payment dates. No passage confirms that the first coupon was actually paid on June 15, 2025.
“Stated interest rate 3.25 % 3.50 % Interest payment dates June 15 & December 15 June 15 & December 15”
2025-11-05 · IREN 10-Q filed 2025-11-06 View cached copy (2026-08-31)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Convertible Notes accrue interest at 3.25% per annum, payable semi-annually on June 15 and December 15 each year, beginning June 15, 2025
Source (primary)
IREN 6-K filed 2024-12-06 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Convertible Notes will accrue interest at a rate of 3.25% per annum, payable semi-annually in arrears on June 15 and December 15 of each year, beginning on June 15, 2025.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The filing states that the notes accrue 3.25% annual interest, payable twice a year on June 15 and December 15 starting June 15, 2025, which matches every part of the claim.
Confirmed in the source:
- IREN's Convertible Notes accrue interest at 3.25% per annum
- Interest on the Convertible Notes is payable semi-annually on June 15 and December 15 of each year
- Interest payments on the Convertible Notes begin on June 15, 2025
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1878848/000114036124048698/ef20039649_6k.htm) in full (20,145 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN 6-K filed 2024-12-06
Quote: “The Convertible Notes will accrue interest at a rate of 3.25% per annum, payable semi-annually in arrears on June 15 and December 15 of each year, beginning on June 15, 2025.”
confirms IREN 10-Q filed 2025-11-06
Quote: “Stated interest rate 3.25 % 3.50 % Interest payment dates June 15 & December 15 June 15 & December 15”