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IREN Ltd

IREN, Nasdaq, tier 1domestic filer (10-K, 10-Q, 8-K)fiscal year ends 06-30Investor relationsEDGAR filings

The seven operational hero metrics, from the Tier 1 research pass of 2026-09-06: reported figures are solid, computed ones hatched, a figure the company defines differently from its peers marked not comparable, and every null carrying the input it lacks.

Hashrate, realized

FY26 year-end · as of 2026-06-30 · 10-K FY2026 filed 2026-08-27

Fleet efficiency

June 2025 · as of 2025-06-30 · 8-K EX-99.1 2025-07-07

All-in cost per bitcoin
Not disclosed

Not disclosed. Derived FY26 cost of revenue per BTC is about $33,400 (see direct cost note); no depreciation-inclusive figure is published.

Bitcoin held

FY26 year-end · as of 2026-06-30 · 10-K FY2026 filed 2026-08-27

EV per EH/s

spot · as of 2026-09-04 · Yahoo Finance chart API v8

Revenue per MW, annualized

Q4 FY26 (quarter ended June 30, 2026) · as of 2026-06-30 · 8-K EX-99.1 2026-08-27

Months of liquidity

spot · as of 2026-09-06 · 8-K EX-99.1 2026-08-27

6 HPC and AI rows on file: 5 signed or operating, 1 announced or under a letter of intent.

The status word is part of the figure: an intention stated on a call and a signed lease are not the same fact, so a megawatt, a term or a value on a row that is not an agreement carries its status beside it. Contracted or operating critical IT capacity for this company is 200 MW. Tap or hover a figure for the text it was read from. Every company's rows.

CounterpartyStatusAnnouncedMWTermDisclosed valueDocument
Undisclosed leading frontier AI labnot disclosedContracted2026-08-27not statednot statednot disclosed8-K EX-99.1 2026-08-27
Mackenzie air-cooled expansion (customers not named)Mackenzie, BCAnnounced intention2026-08-27, announced intentionnot statednot disclosed8-K EX-99.1 2026-08-27
Undisclosed leading AI developers (customer base includes Perplexity, Figure AI, Together AI, Fluidstack, Fireworks AI, Fal AI, Hume AI)Childress, TX and British Columbia (air-cooled GPU deployments)Contracted2026-07-20not statednot stated8-K EX-99.1 2026-07-20
NVIDIAChildress, TX (60MW of existing air-cooled data centers)Contracted2026-05-078-K EX-99.1 2026-05-08
Together AI, Fluidstack, Fireworks AI (Prince George GPU cloud)Prince George, BCOperating2025-11-06not statednot disclosed8-K EX-99.1 2025-11-06
Microsoft CorporationChildress, TX (Horizon 1-4, four 50MW IT liquid-cooled data centers)Operating2025-11-038-K EX-99.1 2025-11-03

The seven filing metrics every company gets, straight from XBRL.

Revenue

FY 2026, year ended 2026-06-30 · 10-K 2026-08-27

Net income (loss)

FY 2026, year ended 2026-06-30 · 10-K 2026-08-27

Cash and cash equivalents

as of 2026-06-30 · 10-K 2026-08-27

Digital assets at fair value

as of 2026-06-30 · 10-K 2026-08-27

Digital asset units held

as of 2026-06-30 · 10-K 2026-08-27

Shares outstanding

as of 2026-04-30 · 10-Q 2026-05-08

Total assets

as of 2026-06-30 · 10-K 2026-08-27

Revenue was $707M for the year ended 2026-06-30; 317 filings are on EDGAR, the latest a Form 10-K on 2026-08-27.

The share count went from 283.5M at 2025-10-31 to 357.4M at 2026-04-30.

shares · 3 dated counts, 2025-10-31 to 2026-04-30 · as of 2026-09-06 · Form 10-Q 2026-05-08

The share count went from 283.5M at 2025-10-31 to 357.4M at 2026-04-30.
PeriodShares outstanding (shares)
2025-10-31283.5M
2026-01-30332.3M
2026-04-30357.4M
Share count change, one year
Not derivable

No share count dated within 300 to 430 days of the latest one.

6 at-the-market documents on file, the largest program $6B, the most recent filed 2026-03-04.

An at-the-market program is a standing authority to sell shares into the market, so it is the mechanism behind the share count above. The size is the authority, not what has been sold: 1 of 6 state how much is left, and this page never estimates the difference. Tap or hover a size for the text it was read from.

FiledFormProgram sizeStated remainingSales agentsDocument
2026-03-04Form 424B5not statednot namedAt Market Issuance Sales Agreement, 2025-01-21
2025-12-04Form 424B5not statednot statednot namedSales Agreement
2025-12-01Form 424B5not statednot statednot namedSales Agreement
2025-01-21F-3ASRnot statednot statednot namedsales agreement
2024-05-15F-3not stated$136.6Mnot namedsales agreement
2023-09-13F-3not statednot statednot namedsales agreement

Cover-page language classifies the filing, not the form; every fact carries the sentence it came from; remaining capacity is null unless the document states it. Excluded: 424B3 (resale or selling-shareholder supplement), 424B7 (selling-securityholder supplement).

Quarterly revenue, 11 tagged quarters to 2026-06-30 and 2 hatched, derived from the fiscal year less its three reported quarters.

USD · 2021-12-31 to 2026-06-30, drawn on the 15 quarter-end window from 2021-12-31 to 2026-06-30 that both quarterly panels share; 2 of those quarter-ends carry no value for this metric and stay empty, which is not a zero · as of 2026-09-06 · 10-K 2026-08-27

Quarterly revenue, 11 tagged quarters to 2026-06-30 and 2 hatched, derived from the fiscal year less its three reported quarters.
PeriodRevenue (USD)
2021-12-31$20.1M
2022-12-31$13.8M
2023-03-31$16.4M
2023-09-30
2023-12-31$42.6M
2024-03-31$54.3M
2024-06-30
2024-09-30$52.8M
2024-12-31$116.1M
2025-03-31$144.8M
2025-06-30$187.3M (derived)
2025-09-30$240.3M
2025-12-31$184.7M
2026-03-31$144.8M
2026-06-30$137.2M (derived)

Quarterly net income, 12 tagged quarters to 2026-06-30 and 3 hatched, derived from the fiscal year, 11 of the 15 a loss.

USD · 2021-12-31 to 2026-06-30 · as of 2026-09-06 · 10-K 2026-08-27

Quarterly net income, 12 tagged quarters to 2026-06-30 and 3 hatched, derived from the fiscal year, 11 of the 15 a loss.
PeriodNet income (USD)
2021-12-31$70.3M
2022-12-31-$144M
2023-03-31-$3.1M
2023-09-30-$5.3M
2023-12-31-$5.2M
2024-03-31$8.6M
2024-06-30-$27M (derived)
2024-09-30-$51.7M
2024-12-31-$21.9M
2025-03-31-$16.1M
2025-06-30$176.7M (derived)
2025-09-30$384.6M
2025-12-31-$155.4M
2026-03-31-$247.8M
2026-06-30-$684M (derived)

Cash and equivalents at each balance sheet date, 16 points to 2026-06-30.

USD · 2022-06-30 to 2026-06-30 · as of 2026-09-06 · 10-K 2026-08-27

Cash and equivalents at each balance sheet date, 16 points to 2026-06-30.
PeriodCash (USD)
2022-06-30$110M
2022-12-31$40.7M
2023-03-31$33.2M
2023-06-30$68.9M
2023-09-30$64.2M
2023-12-31$90.3M
2024-03-31$259.7M
2024-06-30$404.6M
2024-09-30$98.6M
2024-12-31$427.3M
2025-03-31$184.3M
2025-06-30$564.5M
2025-09-30$1.03B
2025-12-31$3.26B
2026-03-31$2.21B
2026-06-30$5.9B

Digital assets at fair value, 4 balance sheet dates to 2026-06-30.

USD · 2023-06-30 to 2026-06-30 · as of 2026-09-06 · 10-K 2026-08-27

Digital assets at fair value, 4 balance sheet dates to 2026-06-30.
PeriodDigital assets (USD)
2023-06-30$0
2024-06-30$0
2025-06-30$0
2026-06-30$0

No monthly production release was found in the thirteen months from August 2025 to August 2026 in the sources this run reads.

No monthly release in the window. The release S2 tagged monthly_production is the appointment of a chief financial officer (2025-09-08).

24 EX-99 exhibits and investor-relations releases from this window were read. 3 of them carry a classification in the file: 3 other. The other 21 were read and left unclassified, so this count says what was labelled, not what was looked at. Hashrate, bitcoin mined, bitcoin held, energized megawatts, fleet efficiency and cost per bitcoin appear in the quarterly filings instead, where this site takes them from XBRL.

8 guidance statements on the ledger, 7 with an outcome document: 7 settled, 0 still open.

1 statement has no outcome document yet. 6 of the 8 are specific enough to score; the rest are tracked and shown but carry no number to check. 3 of the selected rows for this company are specific, which is what the accuracy score would rest on. Every company's statements.

2026-08-27directionalsettledother
We continue to operate Bitcoin miners at certain of our data centers while we transition this data center capacity toward AI Cloud Services. We aim to substantially complete this transition by December 31, 2026.
Projected
Bitcoin mining substantially wound down by 2026-12-31, by 2026-12-31
Actual
pending; installed hashrate already down from 50 EH/s (June 2025) to 23.2 EH/s (June 2026) as of 2026-06-30
Variance
not computed

The outcome document says: The following table reconciles the movement in the fair value of the Capped Call Transactions: (in USD thousands) | Total Capped Call Transactions | Balance as at July 1, 2025 | $ 122,100 | Initial recognition of new Capped Call transactions | 448,152 | Unrealized gain (loss) recognized | 101,848 | Reclassification to equity | ( 259,600 ) | Balance as at June 30, 2026 | $ 412,500 | Cash flow hedges In May 2026, in connection with the Group’s GPU Financing (see Note 23.

Said in 10-K FY2026 filed 2026-08-27, grade verified. Outcome from 10-K FY2026 filed 2026-08-27, grade verified.

2026-05-07specificsettledHPC MW
2026 expansion to 480MW on track ... Horizon 1-4 on track for delivery by year-end ... 2027 expansion to 1,210MW in build
Projected
480MW gross AI Cloud capacity by end-2026; 1,210MW in 2027, by 2026-12-31
Actual
Horizon 1 delivered Aug 2026; Horizon 2 commissioning, Horizon 3-4 'targeting delivery in Q4 2026' (FY26 release); 2026 cumulative delivery target restated as ~0.3GW (IT) and 2027 as ~0.8GW (IT); 8-K 2026-08-13 still 'target[s] ... 480MW (gross) AI Cloud capacity in 2026 and 1.2GW (gross) ... in 2027'. Pending. as of 2026-08-27
Variance
not computed

The outcome document says: $1bn ARR operating today1,2 o 2026: capacity largely sold out o 2027: late-stage discussions with a range of new customers over a significant portion of capacity o 2028: customer and financing discussions progressing in parallel • Contracted pricing increasing, driving more value per MW o Recent 3-year contracts >$20m revenue per MW (IT), representing a ~2 year payback3 o Active discussions at ~$25m per MW (IT) o Recent customer prepayments represent 45-55% of GPU capex4 o Shorter duration contracts and Mirantis managed services provide further revenue upside • Horizon 1 delivered to Microsoft

Said in 8-K EX-99.1 2026-05-08 (Q3 FY26 results release dated 2026-05-07), grade verified. Outcome from 8-K EX-99.1 2026-08-27 (FY26 results release), grade verified.

2025-11-06specificsettledrevenue
New multi-year contracts including Together AI, Fluidstack and Fireworks AI, supporting growth to target AI Cloud ARR of >$500m by end of Q1 2026
Projected
>$500m ARR (Prince George GPU deployments) by end of Q1 2026, by 2026-03-31
Actual
~$0.4bn ARR under contract at Prince George as of 2026-02-05; '$0.5bn ARR under contract from GPU deployments at Prince George' as of 2026-05-07 (contracted, not yet all revenue-generating) as of 2026-05-07
Variance
not computed

The outcome document says: ARR under contract of $3.1bn represents expected $1.9bn average annual revenue under Microsoft contract, expected $0.7bn average annual revenue under NVIDIA contract, plus $0.5bn ARR under contract from GPU deployments at Prince George.

Said in 8-K EX-99.1 2025-11-06 (Q1 FY26 results release), grade verified. Outcome from 8-K EX-99.1 2026-05-08 (Q3 FY26 results release dated 2026-05-07), grade verified.

2025-11-06specificsettledrevenue
Targeting $3.4bn in AI Cloud annualized run-rate revenue (ARR) by the end of 2026 (expansion to 140k GPUs)
Projected
$3.4bn ARR by end of CY2026, by 2026-12-31
Actual
Target raised to $3.7bn (2026-03-04, 150k GPUs), then to 'more than $4bn' (2026-07-20). As of 2026-08-26: $1bn operating ARR and '$4bn contracted ARR for 2026 capacity'. Unresolved until year-end. as of 2026-08-27
Variance
not computed

The outcome document says: EX-99.1 2 irenreportsfy26results.htm EX-99.1 irenreportsfy26results 1 IREN Reports FY26 Results New Multi-Year Contract with Leading Frontier AI Lab $4bn Contracted ARR for 2026 Capacity;

Said in 8-K EX-99.1 2025-11-06 (Q1 FY26 results release), grade verified. Outcome from 8-K EX-99.1 2026-08-27 (FY26 results release), grade verified.

2025-11-06directionalno outcome documentMW
Sweetwater 2 (600MW) substation energization targeting late 2027
Projected
Sweetwater 2 energized late 2027, by 2027-12-31
Actual
no outcome document yet
Variance
not resolved

Said in 8-K EX-99.1 2025-11-06 (Q1 FY26 results release), grade verified. No outcome document has been read for this statement yet.

2025-07-07specificsettledHPC MW
Horizon 1 (up to 50MW IT load) on track for Q4 2025 delivery, with foundations underway and long lead equipment continuing to arrive in line with initial expectations
Projected
Horizon 1, 50MW IT, delivered Q4 2025, by 2025-12-31
Actual
Horizon 1 delivered to and accepted by Microsoft in August 2026 (about 8 months after the original target; the Nov 2025 Microsoft contract re-based delivery to 2026, and the 10-K cites NVIDIA component shortages) as of 2026-08-13
Variance
not computed

The outcome document says: Horizon 1 is the first of four 50MW (IT load) direct-to-chip liquid cooled AI Cloud deployments scheduled for delivery to Microsoft at IREN’s Childress, Texas campus in 2026 under a five-year, $9.7bn cloud services contract announced in November 2025.

Said in 8-K EX-99.1 2025-07-07 (June 2025 Monthly Update), grade verified. Outcome from 8-K EX-99.1 2026-08-13 (Horizon 1 delivered to Microsoft), grade verified.

2025-07-07specificsettledhashrate
50 EH/s installed - reached target self-mining capacity by month end, with further expansion paused to prioritize continued build-out of AI verticals
Projected
50 EH/s installed by mid-2025 (target set in 2024), by 2025-06-30
Actual
50 EH/s installed June 2025 (met); subsequently reduced to 23.2 EH/s installed at 2026-06-30 as miners were decommissioned for AI Cloud as of 2026-06-30
Variance
0.0%from 50 EH/s projected against 50 EH/s reported

The outcome document says: Intangible Assets, Net F-35 IREN Limited | | Notes to the consolidated financial statements | For the years ended June 30, 2026, 2025, and 2024 | Intangible assets, net consisted of the following: June 30, 2026 | (in USD thousands) | Acquired Intangibles, Gross | Accumulated Amortization | Acquired Intangibles, Net | Weighted-Average Finite Lives (in years) | Connection rights for electricity services | $ | 253,427 | $ | — | $ | 253,427 | 12 | Software Licenses | 64,636 | ( 631 ) | 64,005 | 5.5 | Total | $ | 318,063 | $ | ( 631 ) | $ | 317,431 | The Group did not have any intangible assets as

Said in 8-K EX-99.1 2025-07-07 (June 2025 Monthly Update), grade verified. Outcome from 10-K FY2026 filed 2026-08-27, grade verified.

2025-07-07specificsettledMW
Sweetwater 1 (1.4GW) ... Targeting energization April 2026
Projected
Sweetwater 1 substation energized April 2026, by 2026-04-30
Actual
'We energized the Sweetwater 1 substation on schedule' (Q3 FY26 release, 2026-05-07) as of 2026-05-07
Variance
not computed

The outcome document says: We energized the Sweetwater 1 substation on schedule, advanced the Horizon 1-4 liquid-cooled data centers at Childress in support of our $9.7bn contract with Microsoft, and continued transitioning existing data centers from ASICs to GPUs for higher- value AI Cloud workloads.

Said in 8-K EX-99.1 2025-07-07 (June 2025 Monthly Update), grade verified. Outcome from 8-K EX-99.1 2026-05-08 (Q3 FY26 results release dated 2026-05-07), grade verified.

Every other metric in the registry, latest value as tagged.

Operating income (loss)-$1.05Bperiod ended 2026-06-30, Form 10-K 2026-08-27
Diluted earnings per share-2.22period ended 2026-06-30, Form 10-K 2026-08-27
Total liabilities$11.6Bas of 2026-06-30, Form 10-K 2026-08-27
Stockholders' equity$4.19Bas of 2026-06-30, Form 10-K 2026-08-27
Long-term debt$7.42Bas of 2026-06-30, Form 10-K 2026-08-27
Property, plant and equipment, net$2.12Bas of 2025-09-30, Form 10-Q 2025-11-06
Cost of revenue$219.7Mperiod ended 2026-06-30, Form 10-K 2026-08-27
Depreciation and amortization$417.7Mperiod ended 2026-06-30, Form 10-K 2026-08-27
General and administrative expense$449.1Mperiod ended 2026-06-30, Form 10-K 2026-08-27
Cash from operations$2.1Bperiod ended 2026-06-30, Form 10-K 2026-08-27
Purchases of property and equipment$3Bperiod ended 2026-06-30, Form 10-K 2026-08-27
Public float$11.9Bas of 2025-12-31, Form 10-K 2026-08-27

The last 21 of 317 filings on EDGAR, grouped into 15 events.

All IREN filings
FiledFormDocumentPeriod
2026-08-27Form 10-K10-K2026-06-30
2026-08-27Form 8-K8-KItems 2.02, 9.012026-08-27
2026-08-18DD, 2026-08-18Items 06b
2026-08-13Form 8-K8-KItems 7.01, 9.012026-08-13
2026-08-12SCHEDULE 13GSCHEDULE 13G, 2026-08-12
2026-08-04Form 424B7424B7
2026-08-04Form 8-K8-KItems 7.01, 8.01, 9.012026-08-04
2026-08-03SCHEDULE 13GSCHEDULE 13G, 2026-08-03
2026-07-20Form 8-K8-KItems 2.02, 9.012026-07-20
2026-07-09DEFA14ADEFA14A
2026-07-01Form 4x7FORM 47 notices filed the same day; the first is linked2026-07-01
2026-07-01Form 8-K8-KItems 5.022026-06-30
2026-07-01S-8S-8
2026-06-01Form 8-K8-KItems 1.01, 2.032026-05-29
2026-05-26Form 8-K8-KItems 1.01, 7.01, 9.012026-05-19

9 facilities on file, each with its disclosure.

SiteLocationStageMW energizedMW nameplateSource
Canal FlatsCanal Flats, BC (undisclosed)operating303010-K FY2026 filed 2026-08-27
Prince GeorgePrince George, BC (city centroid)operating505010-K FY2026 filed 2026-08-27
MackenzieMackenzie, BC (city centroid)operating808010-K FY2026 filed 2026-08-27
Childress (incl. Horizon 1-4)Childress, TX (city centroid)operating65075010-K FY2026 filed 2026-08-27
Sweetwater 1Sweetwater, TX (city centroid)energizingnot disclosed1,4008-K EX-99.1 2026-05-08
Sweetwater 2Sweetwater, TX (city centroid)announcednot disclosed6008-K EX-99.1 2025-11-06
KiowaKiowa, OK (city centroid)announcednot disclosed1,6008-K EX-99.1 2026-02-05
BundeyBundey, South Australia (undisclosed)announcednot disclosed80010-K FY2026 filed 2026-08-27
Badajoz (Nostrum Group)Badajoz, Extremadura (city centroid)announcednot disclosed30010-K FY2026 filed 2026-08-27