Estimated net proceeds from offering
Company: IREN
The claim, verbatim
Estimated net proceeds of $486.1 million (or $534.9 million with full option exercise), after deducting discounts, commissions, and offering expenses
Source (primary)
IREN 6-K filed 2025-06-11 (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 $486.1 million (or approximately $534.9 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
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing gives estimated net proceeds of about $486.1 million, or about $534.9 million with full exercise of the option, after discounts, commissions and offering expenses.
Confirmed in the source:
- Estimated net proceeds of approximately $486.1 million
- Approximately $534.9 million if the initial purchasers fully exercise their option
- The figures are after deducting initial purchasers' discounts and commissions and the company's estimated offering expenses
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1878848/000114036125022117/ef20050462_6k.htm) in full (4,496 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN 6-K filed 2025-06-11
Quote: “The Company estimates that the net proceeds of the offering will be approximately $486.1 million (or approximately $534.9 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.”