IREN (IREN) risk factors

Item 1A of every IREN Ltd. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

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FY2026 10-K risk factors
108 risks44 new36 dropped37 reworded
AI Cloud Services now dominates risk disclosure, with competition, regulation, customer concentration and execution risks emphasized.
Filed Aug 27, 2026
FY2025 10-K risk factors
100 risks
IREN operates in volatile Bitcoin mining and expanding high-performance computing (HPC) and AI markets. Key risks center on electricity availability, equipment costs, and Bitcoin price fluctuations. Substantial debt and rapid capital expenditure needs dominate expansion plans.
Filed Aug 28, 2025