$75.9 million of net proceeds for prepaid forward transaction
Company: IREN
The claim, verbatim
Company intends to use approximately $75.9 million of net proceeds to fund the cost of entering into the prepaid forward transaction
Source (primary)
IREN 6-K filed 2024-12-04 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “$75.9 million of the net proceeds to fund the cost of entering into the prepaid forward transaction”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing states IREN intends to use $75.9 million of the net proceeds to fund the prepaid forward transaction, listed alongside the approximately $40.3 million capped call amount.
Confirmed in the source:
- IREN intends to use approximately $75.9 million of net proceeds
- That amount is to fund the cost of entering into a prepaid forward transaction
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1878848/000114036124048343/ef20039452_6k.htm) in full (4,771 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN 6-K filed 2024-12-04
Quote: “$75.9 million of the net proceeds to fund the cost of entering into the prepaid forward transaction”