Use of Offering Proceeds
Company: IREN
The claim, verbatim
Currently intend to use net proceeds from offering to contribute to funding growth initiatives including hardware purchases and acquisition and development of data center sites and facilities, and for working capital and general corporate purposes
Source (primary)
IREN 424B5 filed 2026-03-04 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “We currently intend to use the net proceeds from this offering, if any, to contribute to funding our growth initiatives (including, but not limited to, hardware purchases and acquisition and development of data center sites and facilities), and for working capital and general corporate purposes.”
How we checked this
Checked on September 16, 2026. The cited source supports every part of this claim.
The Offering summary and Use of Proceeds section both state this intended use of net proceeds.
Confirmed in the source:
- IREN currently intends to use net proceeds from the offering to contribute to funding growth initiatives, including hardware purchases and the acquisition and development of data center sites and facilities
- IREN also intends to use net proceeds for working capital and general corporate purposes
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1878848/000114036126007918/ny20064909x1_424b5.htm) in full (213,721 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN 424B5 filed 2026-03-04
Quote: “We currently intend to use the net proceeds from this offering, if any, to contribute to funding our growth initiatives (including, but not limited to, hardware purchases and acquisition and development of data center sites and facilities), and for working capital and general corporate purposes.”