Bitcoin daily liquidation policy
Company: IREN
The claim, verbatim
Bitcoin mining operations: all Bitcoin mined is liquidated daily; no Bitcoin held on balance sheet as of September 30, 2025
Source (primary)
IREN 424B5 filed 2025-12-04 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “We typically liquidate all the Bitcoin we mine daily and therefore did not have any Bitcoin held on our balance sheet as of September 30, 2025”
How we checked this
Checked on September 16, 2026. The cited source supports every part of this claim.
The company overview states the daily liquidation practice and the absence of Bitcoin on the balance sheet at September 30, 2025.
Confirmed in the source:
- IREN typically liquidates all the Bitcoin it mines daily
- IREN held no Bitcoin on its balance sheet as of September 30, 2025
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1878848/000114036125044381/ny20060080x3_424b5.htm) in full (259,284 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN 424B5 filed 2025-12-04
Quote: “We typically liquidate all the Bitcoin we mine daily and therefore did not have any Bitcoin held on our balance sheet as of September 30, 2025”