$2.6 billion convertible notes offering (upsized from $2B)
Company: IREN
What the later record shows
Delivered on time · happened May 14, 2026
IREN closed the 1.00% convertible notes due 2033 offering on May 14, 2026. The $3.0 billion total is the $2.6 billion priced amount plus the $400 million purchaser option, which was exercised in full.
“today announced the closing of its offering of $3.0 billion aggregate principal amount of 1.00% convertible senior notes due 2033”
2026-05-13 · iren 8-K exhibit (ef20073507_ex99-1.htm) View cached copy (2026-09-07)Live source ↗
“The Convertible Notes issued on May 14, 2026 include $400 million principal amount of Convertible Notes issued pursuant to the full exercise by the initial purchasers of such option.”
2026-05-13 · IREN 8-K filed 2026-05-14 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
IREN priced an offering of $2.6 billion aggregate principal amount of 1.00% convertible senior notes due 2033, upsized from a previously announced $2 billion offering, with a 32.5% conversion premium.
Source (primary)
iren 8-K exhibit (ef20073131_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-07)Live source ↗
Quote: “IREN Limited (NASDAQ: IREN) ("IREN") today announced the pricing of its offering of $2.6 billion aggregate principal amount of 1.00% convertible senior notes due 2033 (the "notes") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The offering size was increased from the previously announced offering size of $2 billion aggregate principal amount of notes.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
IREN's May 12, 2026 press release states it priced $2.6 billion of 1.00% convertible senior notes due 2033, upsized from a previously announced $2 billion, with a 32.5% conversion premium.
Confirmed in the source:
- IREN priced an offering of convertible senior notes
- The offering was $2.6 billion aggregate principal amount
- The notes carry a 1.00% coupon
- The notes are due 2033
- The offering was upsized from a previously announced $2 billion offering
- The notes have a 32.5% conversion premium
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1878848/000114036126020669/ef20073131_ex99-1.htm) in full (11,141 characters, retrieved September 7, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms iren 8-K exhibit (ef20073131_ex99-1.htm)
Quote: “IREN Limited (NASDAQ: IREN) ("IREN") today announced the pricing of its offering of $2.6 billion aggregate principal amount of 1.00% convertible senior notes due 2033 (the "notes") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The offering size was increased from the previously announced offering size of $2 billion aggregate principal amount of notes.”
confirms IREN 8-K filed 2026-05-14
Quote: “The Convertible Notes issued on May 14, 2026 include $400 million principal amount of Convertible Notes issued pursuant to the full exercise by the initial purchasers of such option.”
confirms iren 8-K exhibit (ef20073507_ex99-1.htm)
Quote: “today announced the closing of its offering of $3.0 billion aggregate principal amount of 1.00% convertible senior notes due 2033”