{"url_path":"/sec/iren/8-k/2026-05-14/item-8-01","section_key":"item-8-01","section_title":"Item 8.01 Other Events","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-14","source_url":"https://www.sec.gov/Archives/edgar/data/1878848/0001140361-26-021285-index.html","accession_number":"0001140361-26-021285","cik":"0001878848","ticker":"IREN","issuer_name":"IREN Ltd","edgar_url":"https://www.sec.gov/Archives/edgar/data/1878848/0001140361-26-021285-index.html","primary_entity_key":"0001878848","primary_entity_name":"IREN Ltd"},"word_count":443,"has_tables":true,"body_markdown":"Item 8.01 Other Events\n\nCapped Call Unwind Transaction\n\nIn connection with the issuance of the Company’s 3.50% Convertible Senior Notes due 2029 (the “2029 Notes”), the Company entered into capped call transactions (the “2029\nCapped Call Transactions”) with certain financial institutions (the “2029 Option Counterparties”). In November 2025, the Company entered into a transaction pursuant to which a portion of the 2029 Notes were equitized (the “Equitized 2029 Notes”). In\nconnection with the pricing of the offering of the Convertible Notes, the Company entered into an agreement with one of the 2029 Option Counterparties to terminate a portion of the 2029 Capped Call Transactions corresponding to a portion of the\nEquitized 2029 Notes.\n\nPress Release\n\nOn the Closing Date, the Company issued a press release announcing that it has completed the sale of the Convertible Notes, pursuant to the purchase agreement between the\nCompany and the initial purchasers of the Convertible Notes. A copy of the Company’s press release is attached hereto as Exhibit 99.1, which is incorporated herein by reference.\n\nForward-Looking Statements\n\nThis Current Report on Form 8-K contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the\nSecurities Exchange Act of 1934, as amended, or the Exchange Act, that involve substantial risks and uncertainties. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of\nour business plan and strategies and trends we expect to affect our business. These statements often include words such as “anticipate,” “expect,” “suggests,” “plan,” “believe,” “intend,” “estimates,” “targets,” “projects,” “should,” “could,”\n“would,” “may,” “will,” “forecast,” and other similar expressions. These forward-looking statements are contained throughout this Current Report on Form 8-K. We base these forward-looking statements or projections on our current expectations, plans\nand assumptions that we have made in light of our experience in the industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances and\nat such time. As you read and consider this Current Report on Form 8-K, you should understand that these statements are not guarantees of future performance or results. The forward-looking statements and projections are subject to and involve risks,\nuncertainties and assumptions and you should not place undue reliance on these forward-looking statements or projections. Although we believe that these forward-looking statements and projections are based on reasonable assumptions at the time they\nare made, you should be aware that many factors could affect our actual financial results or results of operations, and could cause actual results to differ materially from those expressed in the forward-looking statements and projections."}