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Intended use of Convertible Notes proceeds

Company: IREN

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

The claim, verbatim

The company intends to use approximately $49.6 million of the net proceeds to fund capped call transactions and the remainder for general corporate purposes and working capital

Source (primary)

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

Quote: “The Company intends to use approximately $49.6 million of the net proceeds to fund the cost of entering into the capped call transactions and the remainder of the net proceeds for general corporate purposes and working capital”

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 intends to use approximately $49.6 million of the net proceeds to fund the cost of entering into the capped call transactions and the remainder of the net proceeds for general corporate purposes and working capital”

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