Intended use of proceeds from convertible notes offering
Company: IREN
The claim, verbatim
IREN intends to use a portion of net proceeds to fund capped call transactions and the remainder for general corporate purposes and working capital
Source (primary)
iren 8-K exhibit (ef20072983_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-07)Live source ↗
Quote: “IREN intends to use a portion of the net proceeds from the offering to fund the cost of entering into the capped call transactions, as described below. IREN intends to use the remainder of the net proceeds 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.
Both stated uses of proceeds appear verbatim in the document.
Confirmed in the source:
- A portion of net proceeds will fund the capped call transactions
- The remainder of net proceeds 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/1878848/000114036126020370/ef20072983_ex99-1.htm) in full (12,182 characters, retrieved September 7, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms iren 8-K exhibit (ef20072983_ex99-1.htm)
Quote: “IREN intends to use a portion of the net proceeds from the offering to fund the cost of entering into the capped call transactions, as described below. IREN intends to use the remainder of the net proceeds for general corporate purposes and working capital.”