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
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
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”