IREN Ltd (IREN)
CIK 1878848 · all EDGAR filings →
Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.
Shares outstanding over time
Latest: 357.4M shares as of Apr 30, 2026 (10-Q).⊙
Cash runway
Self-funding
generates cash
Full breakdown: cash runway tool · source filing →
Warrants
| Tranche | Warrants | Exercise price | Term | Notes |
|---|---|---|---|---|
| NVIDIA Investment Rights | 30.0M | $70 | — | — |
Tranches exactly as the company dimensioned them in its 10-K filed Aug 27, 2026 →. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.
No warrant figures tagged in this filer’s XBRL facts. That means the company has not reported them in structured form; it does not prove no warrants exist. The exhibits are the ground truth.
Convertible notes
| Note | Principal | Carrying | Conv. price | Rate | If converted |
|---|---|---|---|---|---|
| 2033 Convertible Dec Senior Note | not tagged | $3.00B | not tagged | — | — |
| 2033 Dec Convertible Senior Notes | $3.00B | $2.96B | $73.07 | 1%-100% | ~41.1M sh |
| 2032 Convertible Senior Note | not tagged | $1.15B | not tagged | — | — |
| 2033 Convertible Jun Senior Note | not tagged | $1.15B | not tagged | — | — |
| 2032 Convertible Senior Notes | $1.15B | $1.14B | $51.4 | 0.25%-25% | ~22.4M sh |
| 2033 Jun Convertible Senior Notes | $1.15B | $1.14B | $51.4 | 1%-100% | ~22.4M sh |
| 2031 Convertible Senior Note | not tagged | $1.00B | not tagged | — | — |
| 2031 Convertible Senior Notes | $1.00B | $981.8M | $85.63 | 0% | ~11.7M sh |
| 2029 Convertible Senior Notes | $550.0M | $233.4M | $13.64 | 3.5% | ~40.3M sh |
| 2030 Convertible Senior Notes | $440.0M | $212.3M | $16.81 | 3.25% | ~26.2M sh |
If every note above converted at its tagged price: ~164.0M new shares on 357.4M currently outstanding. An estimate from principal ÷ conversion price, with inputs carrying different as-of dates; make-whole adjustments, capped calls and partial repurchases are not modeled.
Notes exactly as the company dimensioned them in its 10-K filed Aug 27, 2026 →. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.
Fully diluted build-up
Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.
| Shares outstanding | 357.4M | Apr 30, 2026 |
| + NVIDIA Investment Rights (if exercised) | 30.0M | May 7, 2026 |
| + 2033 Dec Convertible Senior Notes (if fully converted) | 41.1M | Jun 30, 2026 |
| + 2032 Convertible Senior Notes (if fully converted) | 22.4M | Jun 30, 2026 |
| + 2033 Jun Convertible Senior Notes (if fully converted) | 22.4M | Jun 30, 2026 |
| + 2031 Convertible Senior Notes (if fully converted) | 11.7M | Jun 30, 2026 |
| + 2029 Convertible Senior Notes (if fully converted) | 40.3M | Jun 13, 2025 |
| + 2030 Convertible Senior Notes (if fully converted) | 26.2M | Dec 6, 2024 |
| Fully diluted estimate | 551.4M | +54.3% vs O/S |
Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.
Registrations and offerings
Registered offering capacity on live registrations: $1000.0Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted
Last 12 months: 5 executed · 0 registered.
Full history and shelf status: offering checker · S-3 shelf checker
Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.
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