---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-020370"
form_type: "8-K"
ticker: "IREN"
cik: "0001878848"
company_name: "IREN Ltd"
filed_at: "2026-05-11T23:59:59+00:00"
generated_at: "2026-05-14T18:59:49.742746+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# IREN launches $2B convertible notes offering due 2033, plus $300M overallotment

## Summary
- $2B aggregate principal of 2033 convertible senior notes, with $300M overallotment option for initial purchasers.
- Proceeds to fund capped call transactions and for general corporate purposes and working capital.
- Interest rate, conversion rate and other terms to be determined at pricing; notes are senior unsecured.
- Concurrently expects to unwind a portion of existing 2029 and 2030 capped call transactions.
- Capped calls intended to reduce potential dilution upon conversion, subject to a cap price.

## SEC filing metadata
- accession: 0001140361-26-020370
- form_type: 8-K
- ticker: IREN
- cik: 0001878848
- company_name: IREN Ltd
- filed_at: 2026-05-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1878848/000114036126020370/0001140361-26-020370-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1878848/000114036126020370/ef20072983_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-020370
- JSON: https://secwatch.observer/filing/0001140361-26-020370.json
- Plain text: https://secwatch.observer/filing/0001140361-26-020370.txt

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