IREN Limited (IREN) is a NASDAQ-listed Bitcoin mining and high-performance computing company generating over $400 million in mining revenue over the six months ended 12/31/2025, with operations that are materially dependent on Bitcoin price. Formerly incorporated in Australia as Iris Energy Limited, the company rebranded to IREN Limited and transitioned its financial reporting from IFRS to US GAAP as of 06/30/2025, reflecting its evolution into a large accelerated filer on the Nasdaq Global Select Market. The company is expanding into AI Cloud Services and data center colocation in addition to its core Bitcoin mining operations, with Co-Founders Daniel Roberts and William Roberts serving as Co-Chief Executive Officers.

What is IREN's DredgeCap risk score?

DredgeCap's AI analysis rates IREN at 5.5/10 on the risk scale — Moderate risk. This score reflects dilution exposure, debt toxicity, liquidity position, and going-concern posture as disclosed in SEC filings.

Does IREN have a going concern warning?

No current auditor going-concern warning is flagged in IREN's SEC filings. Risk assessment is based on other filing-disclosed factors.

When did IREN last file with the SEC?

IREN's most recent SEC filing was a 8-K filed 2026-02-05. All filings are available on SEC EDGAR.

← IREN Overview

8-KMay 8, 2026

IREN — 8-K Filing

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8-K Items Disclosed

Item 2.02 — Results of Operations and Financial Condition

Quarterly or annual earnings results released. Often paired with a press release as Exhibit 99.1.

Item 9.01 — Financial Statements and Exhibits

Press releases, exhibits, and supporting documents attached to this filing.

IREN Filing Excerpt

iren-20260507 UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 Form 8-K CURRENT REPORTPursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 07, 2026 IREN LIMITED(Exact name of registrant as specified in its charter) Commission File Number: 001-41072 Australia Not Applicable(State or other jurisdiction of incorporation) (IRS Employer Identification No.) Level 5, 55 Market Street, Sydney, NSW 2000 Australia(Address of principal executive offices, including zip code)+61 2 7906 8301(Registrant’s telephone number, including area code)(Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))☐Pre-commencement communications pursuant to Rule 13c-4(c) under…

Current DredgeCap Risk Profile

Risk Score

5.5/10

ELEVATED

Dilution

6.5

Debt Toxicity

5.0

Going Concern

✓ Not flagged

The risk profile above reflects the latest cached DredgeCap analysis for IREN. For the full filing-by-filing analyst report (red flags, primary risk driver, what moves the stock), open IREN's company page.

What is a 8-K?

A current report disclosing a material event that occurred between regular reporting periods. Companies are required to file an 8-K within four business days of certain events including earnings releases, executive changes, acquisitions, debt obligations, restructurings, and material agreements. Each 8-K specifies one or more 'Items' identifying which event triggered the filing.

More on IREN

The plain-language summary above is composed mechanically from the filing's reported numbers — no analysis or opinion. Form-type explainers and 8-K item descriptions are derived from SEC documentation. This page does not constitute investment advice. Always consult the original filing on SEC EDGAR for authoritative content, and consult a licensed financial advisor for investment decisions.