---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-037488"
form_type: "8-K"
ticker: "IREN"
cik: "0001878848"
company_name: "IREN Ltd"
filed_at: "2025-10-07T23:59:59+00:00"
generated_at: "2026-05-17T04:29:20.174946+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# IREN launches $875M convertible notes offering due 2031; provides ATM and cash update

## Summary
- Proposes $875M principal of convertible senior notes due 2031; initial purchasers may buy up to $125M additional.
- Net proceeds partly fund capped call transactions; remainder for general corporate purposes and working capital.
- ATM program: 66.7M shares issued for ~$1.0B aggregate proceeds as of Oct 7.
- Cash balance ~$1.0B as of Sep 30, 2025.
- Notes senior unsecured, interest semi-annual, mature July 1, 2031; conversion in cash/shares at IREN's election.

## SEC filing metadata
- accession: 0001140361-25-037488
- form_type: 8-K
- ticker: IREN
- cik: 0001878848
- company_name: IREN Ltd
- filed_at: 2025-10-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1878848/000114036125037488/0001140361-25-037488-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1878848/000114036125037488/ef20056749_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-037488
- JSON: https://secwatch.observer/filing/0001140361-25-037488.json
- Plain text: https://secwatch.observer/filing/0001140361-25-037488.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.