{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-26-007905","form_type":"8-K","ticker":"IREN","cik":"0001878848","company_name":"IREN Ltd","filed_at":"2026-03-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.653341+00:00","generated_at":"2026-05-15T21:50:19.968438+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"IREN expands GPU fleet to 150,000, targets $3.7bn AI cloud revenue run-rate by end-2026","bullets":["Purchased over 50,000 NVIDIA B300 GPUs under Dell agreements for aggregate ~$3.5B, with deliveries in H2 2026.","Total GPU fleet to reach 150,000 by end-2026, deployed across existing data centers in BC and Texas.","AI cloud annualized run-rate revenue expected to exceed $3.7bn by end-2026.","Secured $9.3bn funding over past 8 months via customer prepayments, convertible notes, GPU leasing, and financing.","Payment terms post-shipment; also established at-the-market equity program as part of capital management."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-26-007905","json":"https://secwatch.observer/filing/0001140361-26-007905.json","markdown":"https://secwatch.observer/filing/0001140361-26-007905.md","text":"https://secwatch.observer/filing/0001140361-26-007905.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1878848/000114036126007905/0001140361-26-007905-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1878848/000114036126007905/ny20064909x3_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T21:50:19.968438+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1d9aaaf3f915d917ad48d31be8b51e347662f365","claim":"IREN Ltd entered into Dell USA Purchase Agreement with Dell Marketing L.P. valued at approximately $1.2 billion (effective 2026-03-04).","evidence_excerpt":"On March 4, 2026, IE US Hardware 4 Inc. (“IE US Hardware”), an indirect wholly owned subsidiary of the Company, and Dell Marketing L.P. (“Dell USA”) entered into purchase documentation (the “Dell USA Purchase Agreement” and, together with the Dell Canada Purchase Agreement, the “Dell Purchase Agreements”) pursuant to which Dell USA will supply to IE US Hardware GPUs and ancillary products and services, scheduled to be delivered in phases during the second half of 2026, for an aggregate purchase price of approximately $1.2 billion payable in installments within 30 days of each tranche shipping.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1878848/000114036126007905/0001140361-26-007905-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"supply"},{"label":"Counterparty","value":"Dell Marketing L.P."},{"label":"Value","value":"approximately $1.2 billion"},{"label":"Effective","value":"2026-03-04"}],"fact_type":"material_agreement"},{"claim_id":"3c99bb278e5ba8ffeb27db13d87adea5d8260f50","claim":"IREN Ltd entered into Dell Canada Purchase Agreement with Dell Canada Inc. valued at approximately $2.3 billion (effective 2026-03-04).","evidence_excerpt":"On March 4, 2026, IE CA Leasing Ltd. (“IE CA Leasing”), a wholly owned subsidiary of IREN Limited (the “Company”), and Dell Canada Inc. (“Dell Canada”) entered into purchase documentation (the “Dell Canada Purchase Agreement”) pursuant to which Dell Canada will supply to IE CA Leasing GPUs and ancillary products and services, scheduled to be delivered in phases during the second half of 2026, for an aggregate purchase price of approximately $2.3 billion payable in installments within 30 days of each tranche shipping.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1878848/000114036126007905/0001140361-26-007905-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"supply"},{"label":"Counterparty","value":"Dell Canada Inc."},{"label":"Value","value":"approximately $2.3 billion"},{"label":"Effective","value":"2026-03-04"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}