Welcome to our dedicated page for IREN SEC filings (Ticker: IREN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
IREN Limited filings document an Australian public company reporting on AI cloud infrastructure, data center capacity, GPU deployments and related capital markets activity. Recent Form 8-K disclosures furnish quarterly operating and financial results, conference-call transcripts and press releases tied to the company’s AI cloud and data center platform.
The filing record also covers material-event disclosures for convertible senior notes, capped call use of proceeds, at-the-market ordinary-share issuance arrangements, and amendments to sales-agent agreements. Governance filings describe shareholder-approved constitutional changes, director-election provisions, meeting mechanics, forum selection language, universal proxy updates and the company’s omnibus incentive plan.
IREN Limited, through its wholly owned subsidiary IE US Hardware 3 LLC, has arranged approximately $3.6 billion in new financing to help fund GPU infrastructure for its dedicated GPU services contract with Microsoft in Childress, Texas.
The package includes a $1.5 billion delayed draw term loan bearing interest at term SOFR plus 2.25%, and $2.1 billion of 5.96% senior notes due on December 31, 2031, both available to be drawn in tranches until May 29, 2027.
Hardware 3’s obligations are secured by all its assets, including the GPUs and cash flows from the Microsoft contract, and are subject to covenants such as maintaining a minimum debt service coverage ratio of 1.05:1.00, with additional prepayment triggers tied to coverage and loan-to-cost ratios.
IREN Limited, through its wholly owned subsidiary IE US Hardware 3 LLC, has arranged approximately $3.6 billion in new financing to help fund GPU infrastructure for its dedicated GPU services contract with Microsoft in Childress, Texas.
The package includes a $1.5 billion delayed draw term loan bearing interest at term SOFR plus 2.25%, and $2.1 billion of 5.96% senior notes due on December 31, 2031, both available to be drawn in tranches until May 29, 2027.
Hardware 3’s obligations are secured by all its assets, including the GPUs and cash flows from the Microsoft contract, and are subject to covenants such as maintaining a minimum debt service coverage ratio of 1.05:1.00, with additional prepayment triggers tied to coverage and loan-to-cost ratios.
IREN Limited has entered into a material purchase agreement with Dell under which Dell will supply GPUs and related systems for an aggregate price of about $1.6 billion, payable in installments within 30 days of each shipment. The GPUs will be deployed at IREN’s Childress, Texas campus to support its previously announced $3.4 billion managed services AI cloud contract.
According to an accompanying press release, the Blackwell systems are targeted for commissioning in early 2027. Upon commissioning, the AI cloud contract is expected to increase IREN’s annualized run-rate revenue from $3.7 billion to $4.4 billion, reflecting progress in bringing GPU capacity online and converting it into revenue. IREN is pursuing GPU financing consistent with its prior hardware deployments and has unconditionally guaranteed its subsidiary’s obligations under the Dell agreement.
IREN Limited has completed a private offering of $3.0 billion of 1.00% convertible senior notes due 2033. The notes pay 1.00% interest semi-annually and mature on December 1, 2033, with conversion allowed under specified conditions into ordinary shares at an initial conversion rate of 13.6848 shares per $1,000, implying a conversion price of about $73.07 per share.
The company received approximately $2.96 billion in net proceeds, using $201.3 million to buy capped call transactions designed to limit dilution or excess cash outlay upon conversion, and plans to use the remainder for general corporate purposes and working capital. A maximum of 54,396,900 ordinary shares may initially be issued upon conversion based on the initial maximum conversion rate.
The capped calls have an initial cap price of $110.30 per share, double the last reported share price of $55.15 on May 11, 2026, and will be cash-settled. The notes were sold only to qualified institutional buyers under Rule 144A and include customary redemption, fundamental change, and events-of-default provisions under the indenture.
IREN Limited priced a private offering of $2.6 billion of 1.00% convertible senior notes due 2033 to qualified institutional buyers. The issue was upsized from $2 billion, with an option for initial purchasers to buy up to an additional $400 million of notes.
IREN expects net proceeds of about $2.57 billion, or $2.96 billion if the option is fully exercised, and plans to spend approximately $174.5 million on capped call transactions, using the remainder for general corporate purposes and working capital. The notes are convertible at an initial price of about $73.07 per share, a 32.5% premium to the $55.15 share price on May 11, 2026, and are paired with capped calls initially set at $110.30 per share to help limit dilution.
IREN Limited plans a private offering of $2 billion aggregate principal amount of senior convertible notes due 2033, with an option for initial purchasers to buy an additional $300 million of notes. The notes will be sold to investors reasonably believed to be qualified institutional buyers and will not be registered under U.S. securities laws.
The notes will be senior, unsecured obligations, accrue semi-annual interest, and mature on December 1, 2033, unless earlier repurchased, redeemed or converted. IREN may redeem them for cash on or after June 6, 2030 if its share price exceeds 130% of the conversion price for a specified period, subject to conditions. Holders can require repurchase at par plus interest following certain “fundamental change” events.
IREN intends to use part of the net proceeds to fund capped call transactions designed to offset dilution or excess cash payments upon conversion, and the remainder for general corporate purposes and working capital. It also expects to partially unwind existing capped call transactions related to its 3.50% notes due 2029 and 3.25% notes due 2030, which may affect trading in its shares and the new notes.
IREN Limited used its Q3 FY26 call to highlight a rapid shift from Bitcoin mining to large-scale AI cloud infrastructure, anchored by a new $3.4 billion five-year AI Cloud contract with NVIDIA and a related $2.1 billion NVIDIA investment tied to deploying up to 600,000 GPUs across a 5‑gigawatt platform.
Annual recurring revenue under contract reached $3.1 billion, with a target of $3.7 billion by the end of calendar 2026, supported by 480 megawatts of planned AI cloud capacity in 2026 and 1,210 megawatts in 2027. IREN reported March‑quarter revenue of $144.8 million, including $111.2 million from Bitcoin mining and $33.6 million from AI cloud services, and ended April with $2.6 billion in cash.
The quarter showed the financial impact of the transition: a $247.8 million net loss, driven by $140.4 million of non‑cash impairments from decommissioning mining hardware and $23.7 million of unrealized losses on cap calls. Management emphasized capital‑efficient retrofits of existing sites, major build‑outs at Childress and Sweetwater, entry into Europe via the Nostrum acquisition, and enhanced software and operations capability through the Mirantis acquisition.
IREN Limited reported flat quarterly revenue of $144.8M for the three months ended March 31, 2026, as Bitcoin mining revenue fell to $111.2M while AI Cloud Services revenue surged to $33.6M from $3.6M a year earlier. Heavy depreciation and a $140.4M impairment on mining and data center equipment drove an operating loss of $233.5M and a net loss of $247.8M for the quarter.
For the nine months, revenue grew to $569.8M and net loss narrowed to $18.6M, helped by a large unrealized gain of $533.9M on financial instruments. Cash and cash equivalents rose to $2.21B, funded by significant equity issuances and new convertible notes totaling $3.69B outstanding. Property, plant and equipment increased to $4.37B, reflecting major GPU and data center build-out. IREN also signed a strategic AI GPU services agreement with Microsoft with total contract value of about $9.7B over five years and reported remaining performance obligations of $710.3M, underscoring its shift toward large-scale AI cloud infrastructure.
IREN Limited reported flat quarterly revenue of $144.8M for the three months ended March 31, 2026, as Bitcoin mining revenue fell to $111.2M while AI Cloud Services revenue surged to $33.6M from $3.6M a year earlier. Heavy depreciation and a $140.4M impairment on mining and data center equipment drove an operating loss of $233.5M and a net loss of $247.8M for the quarter.
For the nine months, revenue grew to $569.8M and net loss narrowed to $18.6M, helped by a large unrealized gain of $533.9M on financial instruments. Cash and cash equivalents rose to $2.21B, funded by significant equity issuances and new convertible notes totaling $3.69B outstanding. Property, plant and equipment increased to $4.37B, reflecting major GPU and data center build-out. IREN also signed a strategic AI GPU services agreement with Microsoft with total contract value of about $9.7B over five years and reported remaining performance obligations of $710.3M, underscoring its shift toward large-scale AI cloud infrastructure.
IREN Limited reported flat quarterly revenue of $144.8M for the three months ended March 31, 2026, as Bitcoin mining revenue fell to $111.2M while AI Cloud Services revenue surged to $33.6M from $3.6M a year earlier. Heavy depreciation and a $140.4M impairment on mining and data center equipment drove an operating loss of $233.5M and a net loss of $247.8M for the quarter.
For the nine months, revenue grew to $569.8M and net loss narrowed to $18.6M, helped by a large unrealized gain of $533.9M on financial instruments. Cash and cash equivalents rose to $2.21B, funded by significant equity issuances and new convertible notes totaling $3.69B outstanding. Property, plant and equipment increased to $4.37B, reflecting major GPU and data center build-out. IREN also signed a strategic AI GPU services agreement with Microsoft with total contract value of about $9.7B over five years and reported remaining performance obligations of $710.3M, underscoring its shift toward large-scale AI cloud infrastructure.
IREN Limited reported Q3 FY26 results and a major shift from Bitcoin mining toward AI cloud services. Total revenue was $144.8m, down from $184.7m in Q2 FY26, with Bitcoin mining revenue of $111.2m and AI Cloud Services revenue of $33.6m.
The company signed a 5-year $3.4bn AI cloud contract with NVIDIA, deploying Blackwell GPUs into 60MW of existing Childress data centers, and entered a 5GW strategic partnership with NVIDIA. IREN posted a net loss of $247.8m, driven by $140.4m of non-cash impairments and unrealized losses on financial instruments.
Adjusted EBITDA was $59.5m with a 41% margin, while IREN continued heavy investment, with Q3 capital spending exceeding $1.4bn. Cash and cash equivalents were $2.2bn as of March 31, 2026, supporting expansion toward 480MW in 2026 and 1,210MW in 2027.
IREN Limited reported Q3 FY26 results and a major shift from Bitcoin mining toward AI cloud services. Total revenue was $144.8m, down from $184.7m in Q2 FY26, with Bitcoin mining revenue of $111.2m and AI Cloud Services revenue of $33.6m.
The company signed a 5-year $3.4bn AI cloud contract with NVIDIA, deploying Blackwell GPUs into 60MW of existing Childress data centers, and entered a 5GW strategic partnership with NVIDIA. IREN posted a net loss of $247.8m, driven by $140.4m of non-cash impairments and unrealized losses on financial instruments.
Adjusted EBITDA was $59.5m with a 41% margin, while IREN continued heavy investment, with Q3 capital spending exceeding $1.4bn. Cash and cash equivalents were $2.2bn as of March 31, 2026, supporting expansion toward 480MW in 2026 and 1,210MW in 2027.
IREN Limited reported Q3 FY26 results and a major shift from Bitcoin mining toward AI cloud services. Total revenue was $144.8m, down from $184.7m in Q2 FY26, with Bitcoin mining revenue of $111.2m and AI Cloud Services revenue of $33.6m.
The company signed a 5-year $3.4bn AI cloud contract with NVIDIA, deploying Blackwell GPUs into 60MW of existing Childress data centers, and entered a 5GW strategic partnership with NVIDIA. IREN posted a net loss of $247.8m, driven by $140.4m of non-cash impairments and unrealized losses on financial instruments.
Adjusted EBITDA was $59.5m with a 41% margin, while IREN continued heavy investment, with Q3 capital spending exceeding $1.4bn. Cash and cash equivalents were $2.2bn as of March 31, 2026, supporting expansion toward 480MW in 2026 and 1,210MW in 2027.
IREN Limited updated its at-the-market share sale program by filing a new prospectus supplement that allows offers and sales of up to $6,000,000,000 of ordinary shares under its existing Sales Agreement. This replaces a prior supplement that covered up to $1,000,000,000.
The company has already sold 66,707,732 ordinary shares for an aggregate offering price of $1.0 billion under the previous supplement, with no remaining capacity there. Several additional banks, including Citizens JMP Securities, Goldman Sachs & Co. and Jefferies, have joined as sales agents, expanding the syndicate supporting potential future at-the-market issuances.
IREN Limited updates its at‑the‑market shelf to offer ordinary shares having an aggregate offering price of up to $6,000,000,000 under an amended sales agreement with multiple sales agents, replacing a prior $1.0 billion prospectus supplement.
The company states the offering may be conducted from time to time as an "at the market offering" and that ordinary shares outstanding were 332,280,383 as of January 30, 2026. The supplement notes prior sales of 66,707,732 ordinary shares for approximately $1.0 billion in gross proceeds under the earlier prospectus supplement.