Risk factors

IREN (IREN) risk factors

Item 1A of every IREN Ltd. 10-K on file, and what changed from one year to the next.

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  • FY2026 10-K risk factors

    108 risks, 44 new, 36 dropped, 37 reworded since the prior year. 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