jain.com
The Analysis · Companies · People · Methodology

Estimated net proceeds from Convertible Notes offering

Company: IREN

Subject kind
financing
Statement date
2025-10-08
Promised amount
856.5 USD
Current status
stated

The claim, verbatim

The company estimates net proceeds of approximately $856.5 million after deducting initial purchasers' discounts, commissions, and offering expenses

Source (primary)

IREN 8-K filed 2025-10-09 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “The Company estimates that the net proceeds of the offering will be approximately $856.5 million (or approximately $979.0 million if the initial purchasers exercise in full their option to purchase additional Convertible Notes), after deducting the initial purchasers' discounts and commissions and the Company's estimated offering expenses”

How we checked this

Attempted on September 16, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1878848/000114036125037753/ef20056800_8k.htm) in full (4,973 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms IREN 8-K filed 2025-10-09

Quote: “The Company estimates that the net proceeds of the offering will be approximately $856.5 million (or approximately $979.0 million if the initial purchasers exercise in full their option to purchase additional Convertible Notes), after deducting the initial purchasers' discounts and commissions and the Company's estimated offering expenses”

View cached copy (2026-08-31)Live source ↗