Interest rate and payment schedule for convertible notes
Company: IREN
The claim, verbatim
The notes will accrue interest at a rate of 1.00% per annum, payable semi-annually in arrears on June 1 and December 1 of each year, beginning December 1, 2026.
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: “The notes will accrue interest at a rate of 1.00% per annum, payable semi-annually in arrears on June 1 and December 1 of each year, beginning on December 1, 2026.”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document states the rate, schedule and start date.
Confirmed in the source:
- The notes accrue interest at 1.00% per annum
- Interest is payable semi-annually in arrears on June 1 and December 1
- Payments begin December 1, 2026
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: “The notes will accrue interest at a rate of 1.00% per annum, payable semi-annually in arrears on June 1 and December 1 of each year, beginning on December 1, 2026.”