IREN Limited is asking shareholders to vote at its virtual 2026 annual meeting on November 24, 2026. Six proposals cover Christopher Guzowski’s re-election for a three-year term, approvals for share repurchases pursuant to prepaid forward and capped call transactions, an advisory executive-compensation vote, appointment of KPMG Australia as statutory auditor, and ratification of KPMG LLP as independent registered public accounting firm. The Board recommends FOR each proposal; Guzowski abstained from the recommendation on his re-election. Proxy votes are due by November 23, 2026, at 11:59 p.m. ET.
IREN reports that it granted 9,099,328 time-based restricted stock units to each Co-CEO, Daniel Roberts and William Roberts, on July 1, 2026, with an accounting grant-date value of $275.9 million per grant. The awards vest in four equal annual installments subject to continued service, with a further two-year holding period for each vested installment. The Co-CEOs will receive no additional equity-based incentive grants during the awards’ vesting period, which ends in Fiscal 2031. IREN reported Fiscal 2026 revenue of $707.0 million.
IREN Limited's reported ownership positions state that Citadel Securities LLC may be deemed to beneficially own 14,152,102 ordinary shares (3.6%); Citadel Securities Group LP and Citadel Securities GP LLC may each be deemed to beneficially own 17,863,909 shares (4.5% each); and Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC may each be deemed to beneficially own 824,029 shares (0.2% each). Kenneth Griffin, CGP's President and Chief Executive Officer, may be deemed to beneficially own 18,687,938 shares (4.7%).
Each reporting person reported zero sole voting and dispositive power and shared voting and dispositive power over the stated amount. The reported holdings may include other instruments exercisable for or convertible into shares.
IREN Limited (IREN) describes a transformation from a Bitcoin miner into a vertically integrated AI Cloud Services platform spanning data centers, compute and software. As of June 30, 2026, it operated about 40MW of AI cloud capacity and continued to run Bitcoin mining during a planned transition.
The company controls land, power and substations and has grid connection agreements and similar arrangements for roughly 5GW of power across North America, Europe and Asia Pacific, with announced sites in Canada, the United States, Australia and Spain. Installed and on‑order GPUs include systems from NVIDIA and AMD.
IREN is decommissioning Bitcoin hardware, with 23.2 EH/s of installed capacity as of June 30, 2026, and aims to substantially complete reallocating about 380MW of data center capacity to AI by December 31, 2026. It highlights major supplier relationships, including an NVIDIA partnership and large-scale GPU financing, alongside extensive regulatory and policy risks around data centers, AI and digital assets.
IREN Ltd (IREN) reported full-year results for the year ended June 30, 2026, highlighting a major pivot from Bitcoin mining to AI Cloud Services. Total revenue was $707.0m, up from $501.0m in FY25, driven by AI Cloud Services revenue of $128.8m, which increased roughly eight-fold from $16.4m, while Bitcoin mining revenue rose to $578.2m from $484.6m.
The company posted a net loss of $702.6m versus net income of $86.9m a year earlier, largely due to $638.8m of non-cash asset impairments tied mainly to decommissioned Bitcoin mining hardware as sites are repurposed for AI. Adjusted EBITDA was $245.7m, down from $269.7m, with margins compressed by higher staffing and platform investments.
Management emphasized rapid growth in its AI infrastructure platform, citing $4bn contracted annualized run-rate revenue (ARR) for 2026 capacity and $1bn operating ARR. IREN reported $14bn of existing cash, committed GPU financing and prepayments, including major GPU financings of $3.6bn and $2.8bn, and year-end cash, cash equivalents and restricted cash of $7,619.5m, alongside substantial capex and higher debt supporting global data center expansion.
IREN Ltd, an Australian public company, is conducting an exempt equity offering in the United States under Regulation D Rule 506(b). This is a new notice, with the first sale on 2026-08-03. The company reports issuer size of over $100,000,000 in revenue. Total equity securities issued in the transaction amount to $464,866,211 USD, with $0 USD remaining to be sold.
The shares are issued as upfront consideration in connection with IREN Limited's indirect acquisition of Mirantis, Inc., in exchange for the recipients’ Mirantis shares. No finders’ fees are reported, with finders' fees of $0 USD. The offering is signed on behalf of IREN Limited by Director William Roberts.
IREN Limited reported that Horizon 1, the first of four planned AI cloud deployments at its Childress, Texas campus, has been delivered to and accepted by Microsoft. Horizon 1 is a 50MW (IT load) direct-to-chip liquid cooled AI Cloud deployment under a previously announced $9.7bn, five-year cloud services contract disclosed in November 2025.
The company also obtained NVIDIA Exemplar Cloud status for its NVIDIA GB300 NVL72 deployment at Horizon 1, following NVIDIA testing. IREN continues to target expansion to 480MW (gross) AI Cloud capacity in 2026 and 1.2GW (gross) in 2027, leveraging its vertically integrated model across data center design, engineering and construction.
The Goldman Sachs Group, Inc. and its subsidiary Goldman Sachs & Co. LLC report beneficial ownership of ordinary shares of IREN Limited on a Schedule 13G. They report 33,639,454.40 ordinary shares with shared voting and dispositive power, and an aggregate beneficial ownership of 33,642,054.40 shares, representing 9.4% of IREN’s ordinary shares.
The shares are attributed to Goldman Sachs & Co. LLC as a broker-dealer and investment adviser subsidiary of The Goldman Sachs Group, Inc. The Goldman Sachs reporting units disclaim beneficial ownership of certain securities held in client accounts and investment entities as described in the exhibits.
IREN Limited is registering for resale by certain former Mirantis shareholders and employees up to 11,981,668 Ordinary shares. These shares were issued in connection with IREN’s all-share acquisition of Mirantis, Inc., completed on August 3, 2026 under a Merger Agreement that provided aggregate consideration of 13,673,894 Ordinary shares, with unaccredited Mirantis holders instead receiving cash based on a per-share price of $45.66.
The company will not receive any proceeds from sales of these shares; all proceeds go to the selling holders, while IREN covers registration costs but no underwriting discounts or commissions. IREN’s Ordinary shares trade on Nasdaq under “IREN,” with a last reported price of $39.75 on August 3, 2026, and 357,378,674 Ordinary shares were outstanding as of April 30, 2026.
IREN operates large-scale, 100% renewable-energy-powered data centers supporting AI Cloud Services and Bitcoin mining. As of March 31, 2026, its platform included approximately 150,000 GPUs installed or on order for AI workloads and installed Bitcoin mining hashrate of about 38 EH/s. The company typically liquidates mined Bitcoin daily and held no Bitcoin on its balance sheet as of March 31, 2026. Investing in its shares is described as involving a high degree of risk.
IREN Limited completed its acquisition of Mirantis, Inc., a cloud software and services provider, through the issuance of approximately 12.6m ordinary shares, fixed at signing, plus cash, restricted stock units and other consideration of approximately $40m as of closing on August 3, 2026.
The company also filed a prospectus supplement under its Form S-3 registration statement to cover the resale from time to time by certain selling shareholders of up to 11,981,668 ordinary shares issued in connection with the merger. Management highlights that Mirantis adds an interoperable software layer for AI workload orchestration, monitoring and support, enhancing IREN’s vertically integrated AI Cloud platform.