{
 "ticker": "IREN",
 "name": "IREN",
 "url": "https://grantbishop.pages.dev/index/IREN",
 "sells": "IREN sells GPU-powered computing capacity to AI developers from its own data centres.",
 "why": "We follow it because its business is AI itself.",
 "questions": [
  {
   "slug": "ai-itself",
   "question": "Whose business is AI itself?",
   "url": "https://grantbishop.pages.dev/index/q/ai-itself"
  }
 ],
 "tests": [
  {
   "id": "W-6",
   "claim": "Spending on the AI build is running ahead of the revenue it produces.",
   "url": "https://grantbishop.pages.dev/claims/ai-spending-ahead-of-revenue"
  }
 ],
 "reports_next": null,
 "latest_disclosed": {
  "form": "10-K",
  "filed": "2026-08-27",
  "period": "2026-06-30",
  "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm"
 },
 "disclosed": [],
 "check": "Checked against the company's own business description in its latest annual filing.",
 "log": [
  {
   "date": "2026-10-19",
   "note": "Entry rewritten in plain words: what the company sells, and why we follow it."
  },
  {
   "date": "2026-10-12",
   "note": "Verified against the 10-K filed 2026-08-27 at launch."
  }
 ],
 "living_report": {
  "report": false,
  "last_revised": null,
  "next_disclosure": null,
  "timeline": [
   {
    "form": "10-Q",
    "filed": "2026-11-05",
    "period": "2026-09-30",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000066/iren-20260930.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-11-05",
    "period": "2026-11-05",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000065/iren-20261105.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-K",
    "filed": "2026-08-27",
    "period": "2026-06-30",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-08-27",
    "period": "2026-08-27",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000051/iren-20260827.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-08-13",
    "period": "2026-08-13",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126032638/ef20080141_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-08-04",
    "period": "2026-08-04",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126031053/ny20079234x2_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-07-20",
    "period": "2026-07-20",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126028871/ef20078253_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-07-01",
    "period": "2026-06-30",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126027202/ef20077190_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-06-01",
    "period": "2026-05-29",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126023427/ef20075181_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-05-26",
    "period": "2026-05-19",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000030/iren-20260519.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-05-14",
    "period": "2026-05-11",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126021285/ef20073507_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-05-12",
    "period": "2026-05-12",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126020669/ef20073131_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-05-11",
    "period": "2026-05-08",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000028/iren-20260508.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-05-11",
    "period": "2026-05-11",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126020370/ef20072983_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
    "filed": "2026-05-08",
    "period": "2026-03-31",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000026/iren-20260331.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-05-08",
    "period": "2026-05-07",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000025/iren-20260507.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-03-04",
    "period": "2026-03-04",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126007919/ny20064909x2_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-03-04",
    "period": "2026-03-04",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126007905/ny20064909x3_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
    "filed": "2026-02-05",
    "period": "2025-12-31",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000015/iren-20251231.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-02-05",
    "period": "2026-02-05",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000014/iren-20260205.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-12-08",
    "period": "2025-12-02",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036125044888/ef20060782_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-12-03",
    "period": "2025-12-03",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036125044095/ny20060080x4_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-12-01",
    "period": "2025-12-01",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036125043803/ny20060080x2_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-11-28",
    "period": "2025-11-26",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036125043599/ef20060170_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-11-24",
    "period": "2025-11-19",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036125043142/ef20059594_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
    "filed": "2025-11-06",
    "period": "2025-09-30",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884825000081/iren-20250930.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-11-06",
    "period": "2025-11-06",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884825000079/iren-20251106.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-11-03",
    "period": "2025-11-02",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036125040072/ef20058139_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-10-14",
    "period": "2025-10-14",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036125038083/ef20056955_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-10-09",
    "period": "2025-10-09",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036125037753/ef20056800_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-10-07",
    "period": "2025-10-07",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036125037488/ef20056749_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-09-08",
    "period": "2025-09-05",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036125034232/ef20055281_form8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-K",
    "filed": "2025-08-28",
    "period": "2025-06-30",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884825000063/iren-20250630.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-08-28",
    "period": "2025-08-28",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884825000062/iren-20250828.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-07-07",
    "period": "2025-07-07",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036125024971/ef20051646_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-07-03",
    "period": "2025-07-03",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036125024747/ef20051566_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-07-03",
    "period": "2025-07-01",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000095010325008477/dp231112_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-07-01",
    "period": "2025-07-01",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036125024305/ef20051444_8k.htm",
    "what_it_said": null,
    "from_piece": null
   }
  ],
  "history": []
 },
 "market": {
  "rule": "Each figure is kept only where Massive and Yahoo agree on it to the cent; a figure they do not agree on is null. Dated, not live. The market value and the forward multiple are computed from the close.",
  "last_close": {
   "value": 21.64,
   "currency": "USD",
   "as_of": "2026-11-06",
   "providers": [
    "Massive",
    "Yahoo"
   ]
  },
  "day_range": {
   "low": 20.18,
   "high": 22.46,
   "currency": "USD",
   "as_of": "2026-11-06",
   "providers": [
    "Massive",
    "Yahoo"
   ]
  },
  "range_52_week": {
   "low": 17.16,
   "low_date": "2026-11-05",
   "high": 70.71,
   "high_date": "2026-06-03",
   "sessions": 251,
   "currency": "USD",
   "as_of": "2026-11-06",
   "providers": [
    "Massive",
    "Yahoo"
   ]
  },
  "market_value": {
   "value": 7733674505,
   "currency": "USD",
   "as_of": "2026-11-06",
   "computed": "the last close times the shares outstanding on the filing cover",
   "shares": {
    "count": 357378674,
    "as_of": "2026-04-30",
    "form": "10-Q",
    "filed": "2026-05-08",
    "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000026/"
   }
  },
  "forward_multiple": null,
  "checked_at": "2026-11-10 04:15:40"
 },
 "exhibits": null,
 "mentions": [],
 "note": "Prices on this page are dated market records, shown free during the preview, each confirmed by two independent data providers. None is a recommendation.",
 "license": "Free to cite with a link."
}