Net proceeds from Convertible Notes offering
Company: IREN
The claim, verbatim
Company estimates net proceeds of approximately $2.57 billion (or $2.96 billion if all options exercised) after deducting discounts, commissions and offering expenses
Source (primary)
IREN 8-K filed 2026-05-12 (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 $2.57 billion (or approximately $2.96 billion 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 15, 2026. The cited source supports every part of this claim.
The filing gives both net proceeds estimates. It also says they are net of purchasers' discounts, commissions and offering expenses.
Confirmed in the source:
- The company estimates net proceeds of approximately $2.57 billion
- Estimated net proceeds are approximately $2.96 billion if the initial purchasers exercise their additional-notes option in full
- The estimates 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/1878848/000114036126020669/ef20073131_8k.htm) in full (4,963 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN 8-K filed 2026-05-12
Quote: “The Company estimates that the net proceeds of the offering will be approximately $2.57 billion (or approximately $2.96 billion 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.”