Estimated net proceeds from convertible offering
Company: IREN
The claim, verbatim
IREN estimates net proceeds from the offering will be approximately $2.57 billion (or approximately $2.96 billion if initial purchasers exercise the option to purchase additional notes), after deducting discounts, commissions and offering expenses.
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 estimates that the net proceeds from the offering will be approximately $2.57 billion (or approximately $2.96 billion if the initial purchasers fully exercise their option to purchase additional notes), after deducting the initial purchasers' discounts and commissions and IREN's estimated offering expenses.”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document provides both figures and the deduction basis.
Confirmed in the source:
- Estimated net proceeds are approximately $2.57 billion
- Net proceeds would be approximately $2.96 billion if the option is fully exercised
- Estimate is after deducting discounts, commissions and offering expenses
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 estimates that the net proceeds from the offering will be approximately $2.57 billion (or approximately $2.96 billion if the initial purchasers fully exercise their option to purchase additional notes), after deducting the initial purchasers' discounts and commissions and IREN's estimated offering expenses.”