Capped call transactions
Company: IREN
The claim, verbatim
Company entered into capped call transactions with Citibank, Morgan Stanley, Mizuho Markets Americas, and Wells Fargo with cap price of $25.86 and cost of approximately $44.4 million
Source (primary)
IREN 6-K filed 2024-12-06 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the Company entered into privately negotiated capped call transactions (the "Base Capped Call Transactions") with Citibank, N.A., Morgan Stanley & Co. LLC, Mizuho Markets Americas LLC and Wells Fargo Bank, National Association. The cap price of the Capped Call Transactions is initially $25.86... The cost of the Capped Call Transactions was approximately $44.4 million.”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing names all four counterparties and gives the $25.86 initial cap price and the approximately $44.4 million cost.
Confirmed in the source:
- IREN entered into capped call transactions with Citibank, N.A., Morgan Stanley & Co. LLC, Mizuho Markets Americas LLC and Wells Fargo Bank, National Association
- The initial cap price of the capped calls is $25.86
- The cost of the capped calls was approximately $44.4 million
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 Company entered into privately negotiated capped call transactions (the "Base Capped Call Transactions") with Citibank, N.A., Morgan Stanley & Co. LLC, Mizuho Markets Americas LLC and Wells Fargo Bank, National Association. The cap price of the Capped Call Transactions is initially $25.86... The cost of the Capped Call Transactions was approximately $44.4 million.”