Planned use of net proceeds from convertible offering
Company: IREN
The claim, verbatim
IREN intends to use approximately $174.5 million of net proceeds to fund the cost of capped call transactions, with the remainder for general corporate purposes and working capital.
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 intends to use approximately $174.5 million of the net proceeds to fund the cost of entering into the capped call transactions described below and the remainder of the net proceeds from the offering for general corporate purposes and working capital.”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document states this use of proceeds verbatim.
Confirmed in the source:
- Approximately $174.5 million of net proceeds will fund the cost of capped call transactions
- The remainder will be used for general corporate purposes and working capital
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 intends to use approximately $174.5 million of the net proceeds to fund the cost of entering into the capped call transactions described below and the remainder of the net proceeds from the offering for general corporate purposes and working capital.”