Settlement agreement for subsidiary equipment financing defaults
Company: IREN
The claim, verbatim
Company has entered into a settlement agreement to terminate and release all claims relating to legal proceedings involving certain wholly-owned subsidiaries that previously defaulted on limited recourse equipment financing agreements
Source (primary)
IREN 10-K filed 2025-08-28 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “We have entered into a settlement agreement to terminate and release all claims relating to legal proceedings involving certain of our wholly-owned subsidiaries that previously defaulted on limited recourse equipment financing agreements”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The 10-K states that IREN entered into a settlement agreement to resolve and terminate all proceedings, and release related claims, involving wholly-owned subsidiaries that defaulted on limited recourse equipment financing facilities.
Confirmed in the source:
- IREN entered into a settlement agreement (dated August 12, 2025, with NYDIG, PwC, the Non-Recourse SPVs and the Local Representatives)
- The settlement is intended to terminate and release all claims relating to the legal proceedings
- The proceedings involve certain wholly-owned subsidiaries (the Non-Recourse SPVs)
- Those subsidiaries previously defaulted on limited recourse equipment financing agreements (NYDIG facilities for Bitcoin miners)
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1878848/000187884825000063/iren-20250630.htm) in full (795,552 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN 10-K filed 2025-08-28
Quote: “We have entered into a settlement agreement to terminate and release all claims relating to legal proceedings involving certain of our wholly-owned subsidiaries that previously defaulted on limited recourse equipment financing agreements”