Capped call transaction costs
Company: IREN
The claim, verbatim
$174.8 million cost to enter into capped call transactions relating to the convertible notes offerings
Source (primary)
IREN 424B5 filed 2025-12-04 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “to fund the $174.8 million cost of entering into the New Capped Calls”
How we checked this
Checked on September 16, 2026. The cited source supports every part of this claim.
The Use of Proceeds and Concurrent Offering sections both state the $174.8 million capped call cost tied to the convertible notes.
Confirmed in the source:
- IREN intends to use proceeds to fund a $174.8 million cost of entering into the New Capped Calls
- The New Capped Calls relate to each series of convertible notes offered in the concurrent offering
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: “to fund the $174.8 million cost of entering into the New Capped Calls”