Microsoft Agreement payment terms
Company: IREN
The claim, verbatim
20% of Microsoft contract value per tranche paid prior to delivery and credited against service fees after 24 months on pro rata basis
Source (primary)
IREN 8-K filed 2025-11-03 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “20% of the contract value for each tranche to be paid prior to the applicable delivery date and credited against the service fees due and payable after the 24th calendar month of the applicable GPU Service term on a pro rata basis”
How we checked this
Checked on September 16, 2026. The cited source supports every part of this claim.
The filing sets out the 20% per-tranche prepayment and the pro rata credit against service fees after the 24th calendar month of the GPU Service term.
Confirmed in the source:
- 20% of the Microsoft contract value for each tranche is to be paid prior to the applicable delivery date
- That prepayment is credited against service fees due and payable after the 24th calendar month of the applicable GPU Service term
- The credit is applied on a pro rata basis
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1878848/000114036125040072/ef20058139_8k.htm) in full (7,303 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN 8-K filed 2025-11-03
Quote: “20% of the contract value for each tranche to be paid prior to the applicable delivery date and credited against the service fees due and payable after the 24th calendar month of the applicable GPU Service term on a pro rata basis”