Use of proceeds - prepaid forward transaction
Company: IREN
The claim, verbatim
Approximately $92.5 million of net proceeds to be used for prepaid forward transaction
Source (primary)
IREN 6-K filed 2025-06-11 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “approximately $92.5 million of the net proceeds to fund the cost of entering into the prepaid forward transaction”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing states the company intends to use approximately $92.5 million of the net proceeds to fund the cost of the prepaid forward transaction.
Confirmed in the source:
- The company intends to use approximately $92.5 million of the net proceeds
- That amount funds the cost of entering into a prepaid forward transaction
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1878848/000114036125022117/ef20050462_6k.htm) in full (4,496 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN 6-K filed 2025-06-11
Quote: “approximately $92.5 million of the net proceeds to fund the cost of entering into the prepaid forward transaction”