{ "ticker": "IREN", "reference_close": "2026-10-08", "analysis_path": "data/analyses-data/IREN.json", "analysis_sha256": "d5bc1b1d9c11b275038e19085b0ab7bdf6e6093da37e912b3f16793085b9bece", "claims": [ { "path": "meta.date", "value": "2026-10-09", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/meta.date" }, { "path": "meta.dateDisplay", "value": "9 octobre 2026", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/meta.dateDisplay" }, { "path": "meta.version", "value": 3, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/meta/version" }, { "path": "meta.levelsCloseDate", "value": "2026-10-08", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/meta.levelsCloseDate" }, { "path": "meta.description", "value": "IREN : ancien mineur de bitcoin devenu fournisseur de cloud IA, contrat Microsoft de 9,7 Md$ et 4 Md$ de revenu annualisé contracté, mais 8 Md$ de dette, dilution continue et perte nette de 703 M$. Close du 8 octobre, aucun ordre.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/meta.description" }, { "path": "meta.ogDescription", "value": "IREN : 4 Md$ de revenu annualisé contracté et Microsoft comme client, mais 8 Md$ de dette, ATM de 6 Md$ et titre sous toutes ses moyennes. Aucun ordre.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/meta.ogDescription" }, { "path": "meta.lastMcpRefresh", "value": "2026-10-09T06:14:35.641675025Z", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/meta.lastMcpRefresh" }, { "path": "meta.levelsVerifiedAt", "value": "2026-10-09T06:14:35.641675025Z", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/meta.levelsVerifiedAt" }, { "path": "meta.statusHistory.0.at", "value": "2026-10-09T06:14:35.641675025Z", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/meta.statusHistory.0.at" }, { "path": "meta.statusHistory.0.note", "value": "refonte v3 du 9 octobre au close du 8 : le plan du 28 août, en attente, n’a jamais été rendu exécutable ; titre à 35,71 $ après une baisse de deux séances commune aux neoclouds, sous ses moyennes à vingt, cinquante et deux cents séances, résultats attendus le 5 novembre ; aucun ordre", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/meta.statusHistory.0.note" }, { "path": "meta.statusHistory.0.close", "value": 35.71, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/meta/statusHistory/0/close" }, { "path": "header.price", "value": 35.71, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/header/price" }, { "path": "header.changePct", "value": -7.702248643060217, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/header/changePct" }, { "path": "header.metrics.marketCap", "value": "14,07 Md$", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/header.metrics.marketCap" }, { "path": "header.metrics.volume", "value": "54,5 M", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/header.metrics.volume" }, { "path": "header.metrics.evRevenue", "value": "22,6×", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/header.metrics.evRevenue" }, { "path": "verdict.score", "value": 46, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/verdict/score" }, { "path": "verdict.confidence", "value": "Note C (score additif de 46 sur 100) : elle reflète la grille v3, qui crédite des contrats signés et une exécution vérifiée (Horizon 1 accepté, contrôle interne efficace) mais retranche technique, dilution et calendrier ; elle ne traduit aucune amélioration des comptes depuis la version D+ du 28 août, établie avec l’ancienne grille. Score éditorial non prédictif. Les chiffres d’entreprise viennent des dépôts SEC et des données XBRL officielles ; les niveaux, du close certifié du 8 octobre.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/verdict.confidence" }, { "path": "verdict.summary", "value": "IREN a cessé d’être un mineur de bitcoin qui loue un peu de calcul : c’est désormais un fournisseur de cloud IA dont deux clients, Microsoft (9,7 Md$ sur cinq ans) et NVIDIA (3,4 Md$ sur cinq ans), pèsent l’essentiel du revenu contracté. NVIDIA est aussi son fournisseur de GPU et détient des droits sur 30 millions d’actions à 70 $. Le premier des quatre déploiements Microsoft a été livré en août, et la société revendique 4 Md$ de revenu annualisé contracté pour 2026. Les comptes ne suivent pas encore : 707 M$ de chiffre d’affaires sur l’exercice, dont seulement 129 M$ de cloud IA, une perte nette de 703 M$ après la dépréciation du matériel de minage, et une construction financée par 8 Md$ de dette, six séries de convertibles et des émissions d’actions qui ont porté le capital de 258 à 394 millions d’actions en quatorze mois. À 35,71 $, après −13,5 % en deux séances — un repli partagé par Nebius, CoreWeave et Cipher —, le titre est sous ses moyennes à vingt, cinquante et deux cents séances, à moins d’un mois des résultats du 5 novembre. Aucun ordre : le contrat est réel, mais la conversion du revenu annualisé en revenu comptable reste à démontrer.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/verdict.summary" }, { "path": "verdict.whyBuy.0", "value": "Microsoft et NVIDIA sont clients : contrats de cinq ans d’environ 9,7 Md$ (prépaiement de 20 % compris) et 3,4 Md$ ; Horizon 1, premier des quatre déploiements de 50 MW à Childress, a été livré et accepté en août 2026.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/verdict.whyBuy.0" }, { "path": "verdict.whyBuy.1", "value": "La société revendique 4 Md$ de revenu annualisé contracté pour sa capacité 2026 et 1 Md$ déjà en exploitation au 26 août, avec une capacité 2026 « largement vendue ».", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/verdict.whyBuy.1" }, { "path": "verdict.whyBuy.2", "value": "Les revenus cloud IA ont été multipliés par près de huit sur l’exercice, de 16,4 M$ à 128,8 M$, et ont plus que doublé d’un trimestre à l’autre à 70,5 M$ au quatrième trimestre.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/verdict.whyBuy.2" }, { "path": "verdict.whyBuy.3", "value": "Le financement des GPU de Microsoft passe par une filiale dédiée : 2,1 Md$ d’obligations garanties à 5,96 % et un prêt à tirage différé, adossés aux GPU et aux flux du contrat, avec une garantie de la société mère limitée.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/verdict.whyBuy.3" }, { "path": "verdict.whyAvoid.0", "value": "La perte nette atteint 702,6 M$ sur l’exercice et la perte opérationnelle 1 046,7 M$, après 638,8 M$ de dépréciations du matériel de minage mis hors service.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/verdict.whyAvoid.0" }, { "path": "verdict.whyAvoid.1", "value": "La dette atteint 7 976,0 M$ en principal au 30 juin ; convertibles, financements de GPU et location-financement se cumulent pendant que la construction consomme la trésorerie.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/verdict.whyAvoid.1" }, { "path": "verdict.whyAvoid.2", "value": "Le capital est passé de 258,1 millions d’actions au 30 juin 2025 à 394,1 millions au 14 août 2026 (+52,7 %), et environ 186 millions d’actions supplémentaires restent potentiellement émissibles (convertibles, droits NVIDIA, unités et options).", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/verdict.whyAvoid.2" }, { "path": "verdict.whyAvoid.3", "value": "La base de coûts précède les revenus : frais commerciaux et administratifs de 449,1 M$ contre 136,5 M$ un an plus tôt, 685 salariés au 30 juin 2026 plus environ 580 apportés par Mirantis en août, EBITDA ajusté du quatrième trimestre réduit à 19,2 M$.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/verdict.whyAvoid.3" }, { "path": "verdict.whyAvoid.4", "value": "Le revenu annualisé n’est pas du chiffre d’affaires : la société écrit elle-même que le revenu comptabilisé peut être sensiblement inférieur, et trois déploiements Microsoft restent à livrer d’ici le début 2027.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/verdict.whyAvoid.4" }, { "path": "verdict.controlChecklist.0.evidence", "value": "Série quotidienne certifiée au close du 8 octobre.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/verdict.controlChecklist.0.evidence" }, { "path": "verdict.controlChecklist.1.evidence", "value": "7 976,0 M$ de dette en principal, six séries de convertibles, droits NVIDIA sur 30 millions d’actions, supplément « at-the-market » de 6 Md$ tiré à 2,49 Md$, lus dans le 10-K et les 8-K.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/verdict.controlChecklist.1.evidence" }, { "path": "verdict.controlChecklist.2.evidence", "value": "Clôture à 35,71 $, sous les moyennes à vingt, cinquante et deux cents séances, après −13,5 % en deux séances ; résultats attendus le 5 novembre.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/verdict.controlChecklist.2.evidence" }, { "path": "business.overview", "value": "

IREN, ex-Iris Energy, possède ses terrains, ses raccordements électriques et ses centres de données en Amérique du Nord, avec des projets en Australie et en Espagne. Pendant des années, ces mégawatts ont servi à miner du bitcoin. Depuis 2025, la société les réaffecte au calcul pour l’intelligence artificielle : elle achète des GPU NVIDIA, les installe dans ses propres bâtiments et vend des heures de calcul à des clients, du bare-metal pour un hyperscaler jusqu’au service géré pour une jeune pousse. L’acquisition de Mirantis en août ajoute une couche logicielle d’orchestration.

Le tournant est le contrat signé avec Microsoft en novembre 2025 : environ 9,7 Md$ sur cinq ans, avec 20 % de prépaiement, servis par quatre déploiements de 50 MW refroidis par liquide sur le campus de Childress, au Texas. Le premier, Horizon 1, a été livré et accepté en août 2026 ; les trois suivants sont attendus au quatrième trimestre, avec des délais de grâce jusqu’au début du deuxième trimestre 2027. S’y ajoute, depuis mai 2026, un contrat de services cloud de cinq ans d’environ 3,4 Md$ avec NVIDIA pour ses propres charges d’IA et de recherche. Selon le 10-K, ces deux contrats représentent « la majorité substantielle » du revenu contracté : Cohere, Perplexity ou Figure AI élargissent la clientèle mais ne changent pas cette concentration. NVIDIA occupe ainsi trois positions à la fois — fournisseur des GPU, client et futur actionnaire potentiel, avec des droits sur 30 millions d’actions à 70 $ acquis au rythme des GPU livrés. La direction revendique 4 Md$ de revenu annualisé contracté pour 2026 et 1 Md$ déjà en exploitation.

Le revers est double. D’abord comptable : le revenu annualisé est un indicateur de gestion, pas du chiffre d’affaires, et l’exercice clos le 30 juin n’a produit que 128,8 M$ de revenus cloud IA contre 578,2 M$ de minage, avec une perte nette de 702,6 M$ due à la mise au rebut des machines de minage. Ensuite financier : chaque mégawatt converti exige des GPU payés d’avance ou presque. Sur l’exercice, la société a levé 6,3 Md$ de convertibles, des financements de GPU de plusieurs milliards et 4,7 Md$ d’actions (programme « at-the-market » et offre directe enregistrée de décembre 2025). La thèse se joue donc sur un calendrier : livrer à temps, faire accepter chaque tranche, et laisser les loyers rattraper la dette.

", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/business.overview" }, { "path": "business.moat", "value": "L’avantage tient à ce qui ne se construit pas vite : des sites déjà raccordés à une électricité abondante et renouvelable, des bâtiments conçus en interne et une équipe capable de livrer un déploiement de 50 MW refroidi par liquide accepté par Microsoft. Il reste fragile : le GPU est une marchandise qui se déprécie vite, les clients peuvent arbitrer entre fournisseurs, et la société dépend des marchés de capitaux pour financer chaque nouvelle vague de matériel.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/business.moat" }, { "path": "business.segments.0.revenue", "value": "128,8 M$ sur l’exercice 2026", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/business.segments.0.revenue" }, { "path": "business.segments.0.description", "value": "Location de grappes de GPU à Microsoft, à NVIDIA, à un laboratoire d’IA de pointe et à des entreprises ; 70,5 M$ au seul quatrième trimestre.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/business.segments.0.description" }, { "path": "business.segments.1.revenue", "value": "578,2 M$ sur l’exercice 2026", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/business.segments.1.revenue" }, { "path": "business.segments.1.description", "value": "Capacité installée d’environ 23,2 EH/s au 30 juin, progressivement mise hors service pour libérer puissance et bâtiments.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/business.segments.1.description" }, { "path": "business.segments.2.revenue", "value": "Consolidé depuis août 2026", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/business.segments.2.revenue" }, { "path": "business.segments.2.description", "value": "Orchestration de charges IA et services gérés, acquis contre environ 12,6 millions d’actions.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/business.segments.2.description" }, { "path": "business.sourceRefs.0.name", "value": "IREN 10-K", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/business.sourceRefs.0.name" }, { "path": "business.sourceRefs.0.url", "value": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/business.sourceRefs.0.url" }, { "path": "business.sourceRefs.0.date", "value": "2026-08-27", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/business.sourceRefs.0.date" }, { "path": "business.sourceRefs.1.name", "value": "IREN 8-K / Exhibit 99.1", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/business.sourceRefs.1.name" }, { "path": "business.sourceRefs.1.url", "value": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000051/irenreportsfy26results.htm", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/business.sourceRefs.1.url" }, { "path": "business.sourceRefs.1.date", "value": "2026-08-27", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/business.sourceRefs.1.date" }, { "path": "business.sourceRefs.2.name", "value": "IREN 8-K / Exhibit 99.1", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/business.sourceRefs.2.name" }, { "path": "business.sourceRefs.2.url", "value": "https://www.sec.gov/Archives/edgar/data/1878848/000114036125040072/ef20058139_ex99-1.htm", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/business.sourceRefs.2.url" }, { "path": "business.sourceRefs.2.date", "value": "2025-11-03", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/business.sourceRefs.2.date" }, { "path": "business.coverageMatrix.1.decision", "value": "Communiqué du 27 août et 10-K ; prochaine publication au 5 novembre, source calendaire unique, non confirmée par l’émetteur.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/business.coverageMatrix.1.decision" }, { "path": "business.coverageMatrix.2.decision", "value": "Exercice 2026 complet clos le 30 juin 2026, lu dans les données XBRL officielles.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/business.coverageMatrix.2.decision" }, { "path": "business.coverageMatrix.3.decision", "value": "Dette, convertibles, financements de GPU et programme « at-the-market » lus dans le 10-K et les 8-K ; dette et capitaux propres séparés.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/business.coverageMatrix.3.decision" }, { "path": "business.coverageMatrix.4.decision", "value": "Corrélations recalculées sur barres certifiées ; Hut 8, CleanSpark et Bitdeer écartés faute de séances complètes.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/business.coverageMatrix.4.decision" }, { "path": "business.coverageMatrix.5.decision", "value": "Uniquement des attributions d’actions au 1er juillet ; aucun achat ni vente de marché relevé sur douze mois.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/business.coverageMatrix.5.decision" }, { "path": "business.coverageMatrix.7.decision", "value": "Positions vendeuses datées au règlement FINRA du 15 septembre 2026 ; coût d’emprunt relevé par le seul composite de signaux.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/business.coverageMatrix.7.decision" }, { "path": "news.0.date", "value": "2025-11-03", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/news.0.date" }, { "path": "news.0.title", "value": "Contrat de 9,7 Md$ avec Microsoft", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/news.0.title" }, { "path": "news.0.detail", "value": "Contrat de services cloud GPU de cinq ans, prépaiement de 20 % compris, servi par quatre déploiements de 50 MW à Childress ; achat corrélatif de GPU et d’équipements à Dell pour environ 5,8 Md$.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/news.0.detail" }, { "path": "news.0.sourceUrl", "value": "https://www.sec.gov/Archives/edgar/data/1878848/000114036125040072/ef20058139_ex99-1.htm", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/news.0.sourceUrl" }, { "path": "news.1.date", "value": "2025-12-08", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/news.1.date" }, { "path": "news.1.title", "value": "Offre directe de 39,7 millions d’actions et rachat de convertibles", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/news.1.title" }, { "path": "news.1.detail", "value": "Émission de 2,3 Md$ de convertibles 2032 et 2033 et vente de 39 699 102 actions à 41,12 $ pour racheter une partie des convertibles 2029 et 2030 pour environ 1 632,4 M$ ; le 10-K comptabilise une charge de conversion induite de 111,8 M$.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/news.1.detail" }, { "path": "news.1.sourceUrl", "value": "https://www.sec.gov/Archives/edgar/data/1878848/000114036125044888/ef20060782_8k.htm", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/news.1.sourceUrl" }, { "path": "news.2.date", "value": "2026-08-13", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/news.2.date" }, { "path": "news.2.title", "value": "Horizon 1 livré et accepté par Microsoft", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/news.2.title" }, { "path": "news.2.detail", "value": "Premier des quatre déploiements de 50 MW accepté par Microsoft, statut NVIDIA Exemplar Cloud sur GB300 NVL72 ; les trois suivants sont attendus d’ici la fin de 2026.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/news.2.detail" }, { "path": "news.2.sourceUrl", "value": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126032638/ef20080141_ex99-1.htm", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/news.2.sourceUrl" }, { "path": "news.3.date", "value": "2026-08-27", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/news.3.date" }, { "path": "news.3.title", "value": "Résultats annuels : 4 Md$ de revenu annualisé contracté, perte nette de 703 M$", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/news.3.title" }, { "path": "news.3.detail", "value": "Revenus cloud IA de 128,8 M$ sur l’exercice, revenus de minage de 578,2 M$, perte nette de 702,6 M$ après 638,8 M$ de dépréciations ; EBITDA ajusté du quatrième trimestre à 19,2 M$. Le titre a ouvert en baisse de 7,1 % le lendemain et clôturé en baisse de 12,5 %.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/news.3.detail" }, { "path": "news.3.sourceUrl", "value": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000051/irenreportsfy26results.htm", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/news.3.sourceUrl" }, { "path": "news.4.date", "value": "2026-10-08", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/news.4.date" }, { "path": "news.4.detail", "value": "IREN clôture à 35,71 $ après −13,5 % en deux séances, dans un repli commun à Nebius, CoreWeave et Cipher Mining ; le titre repasse sous ses moyennes à vingt (41,62 $), cinquante (42,42 $) et deux cents séances (44,14 $).", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/news.4.detail" }, { "path": "fundamentals.rows.0.metric", "value": "Revenus cloud IA de l’exercice 2026", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.0.metric" }, { "path": "fundamentals.rows.0.value", "value": "128,8 M$", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.0.value" }, { "path": "fundamentals.rows.0.signal", "value": "Contre 16,4 M$ un an plus tôt, communiqué du 27 août", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.0.signal" }, { "path": "fundamentals.rows.1.metric", "value": "Revenus cloud IA du 4e trimestre", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.1.metric" }, { "path": "fundamentals.rows.1.value", "value": "70,5 M$", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.1.value" }, { "path": "fundamentals.rows.1.signal", "value": "Contre 33,6 M$ au trimestre précédent", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.1.signal" }, { "path": "fundamentals.rows.2.metric", "value": "EBITDA ajusté du 4e trimestre", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.2.metric" }, { "path": "fundamentals.rows.2.value", "value": "19,2 M$", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.2.value" }, { "path": "fundamentals.rows.2.signal", "value": "Mesure non-GAAP publiée, en recul face à 59,5 M$ au trimestre précédent", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.2.signal" }, { "path": "fundamentals.rows.3.metric", "value": "Chiffre d’affaires GAAP sur l’exercice 2026", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.3.metric" }, { "path": "fundamentals.rows.3.value", "value": "707,0 M$", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.3.value" }, { "path": "fundamentals.rows.3.signal", "value": "Exercice clos le 30 juin 2026 (XBRL SEC), minage encore majoritaire", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.3.signal" }, { "path": "fundamentals.rows.4.value", "value": "−1046,7 M$", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.4.value" }, { "path": "fundamentals.rows.4.signal", "value": "Perte après dépréciations du matériel de minage, exercice clos le 30 juin 2026", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.4.signal" }, { "path": "fundamentals.rows.5.value", "value": "−702,6 M$", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.5.value" }, { "path": "fundamentals.rows.5.signal", "value": "Exercice clos le 30 juin 2026, contre un bénéfice de 86,9 M$ un an plus tôt", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.5.signal" }, { "path": "fundamentals.rows.6.value", "value": "−629,0 M$", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.6.value" }, { "path": "fundamentals.rows.7.value", "value": "2,10 Md$", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.7.value" }, { "path": "fundamentals.rows.7.signal", "value": "Gonflé par les prépaiements de clients, exercice clos le 30 juin 2026", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.7.signal" }, { "path": "fundamentals.rows.8.value", "value": "3,00 Md$", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.8.value" }, { "path": "fundamentals.rows.8.signal", "value": "GPU et centres de données, exercice clos le 30 juin 2026", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.8.signal" }, { "path": "fundamentals.rows.9.value", "value": "−897,6 M$", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.9.value" }, { "path": "fundamentals.rows.10.metric", "value": "Dette au 30 juin (dette + location-financement)", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.10.metric" }, { "path": "fundamentals.rows.10.value", "value": "7,84 Md$", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.10.value" }, { "path": "fundamentals.rows.10.signal", "value": "Valeur comptable au bilan du 10-K ; 7,98 Md$ en principal", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.10.signal" }, { "path": "fundamentals.rows.11.metric", "value": "Trésorerie et équivalents au 30 juin", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.11.metric" }, { "path": "fundamentals.rows.11.value", "value": "5,90 Md$", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.11.value" }, { "path": "fundamentals.rows.11.signal", "value": "Hors 1,72 Md$ de trésorerie soumise à restriction, bilan du 10-K", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.11.signal" }, { "path": "fundamentals.rows.12.value", "value": "22,6×", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.12.value" }, { "path": "fundamentals.rows.12.signal", "value": "Valeur d’entreprise au close du 2026-10-08, 394,1 M actions, sur revenus GAAP de l’exercice 2026", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.12.signal" }, { "path": "fundamentals.rows.12.comparison", "value": "Le dénominateur est à 82 % du minage en démantèlement : ce multiple surestime ce que paie le marché pour l’activité cloud. Repères pairs : Nebius à 46,0× et CoreWeave à 12,5× leurs revenus (statistiques courantes, non point-in-time). Versus les 4 Md$ de revenu annualisé contracté revendiqués, la valeur d’entreprise en représente environ 4,0 fois. La valeur d’entreprise combine les actions du 14 août et le bilan du 30 juin ; les financements engagés non tirés au 30 juin (environ 2,7 Md$ sur le prêt et les obligations du contrat Microsoft) l’alourdiraient une fois tirés.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.12.comparison" }, { "path": "fundamentals.rows.13.value", "value": "16,60 $ par action", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.13.value" }, { "path": "fundamentals.rows.13.signal", "value": "Scénario : multiple ramené à douze fois les revenus GAAP de l’exercice 2026, dette et trésorerie du 30 juin inchangées, soit −54 % sous le close du 2026-10-08", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.13.signal" }, { "path": "fundamentals.rows.13.comparison", "value": "Hypothèse d’un marché qui cesserait de payer le revenu annualisé futur et ne retiendrait que les revenus comptabilisés, dont l’essentiel vient d’un minage en démantèlement : ce n’est pas un objectif, mais la mesure de ce qui reste à prouver. Versus CoreWeave à 12,5× ses revenus, douze fois se situe juste sous le multiple de CoreWeave, le bas de la fourchette ; les pairs directs issus du minage se paient bien plus cher, Cipher à 54,3× et TeraWulf à 57,1× (mêmes statistiques non point-in-time).", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.rows.13.comparison" }, { "path": "fundamentals.sourceRefs.0.name", "value": "IREN 10-K", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.sourceRefs.0.name" }, { "path": "fundamentals.sourceRefs.0.url", "value": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.sourceRefs.0.url" }, { "path": "fundamentals.sourceRefs.0.date", "value": "2026-08-27", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.sourceRefs.0.date" }, { "path": "fundamentals.sourceRefs.1.name", "value": "IREN 8-K / Exhibit 99.1", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.sourceRefs.1.name" }, { "path": "fundamentals.sourceRefs.1.url", "value": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000051/irenreportsfy26results.htm", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.sourceRefs.1.url" }, { "path": "fundamentals.sourceRefs.1.date", "value": "2026-08-27", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.sourceRefs.1.date" }, { "path": "fundamentals.sourceRefs.2.date", "value": "2026-10-09", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/fundamentals.sourceRefs.2.date" }, { "path": "earnings.beatNote", "value": "Exercice 2026 clos le 30 juin : chiffre d’affaires de 707,0 M$, dont 128,8 M$ de cloud IA (contre 16,4 M$) et 578,2 M$ de minage ; perte nette de 702,6 M$ après 638,8 M$ de dépréciations ; EBITDA ajusté de 245,7 M$ sur l’exercice mais de 19,2 M$ seulement au quatrième trimestre, la société recrutant avant la montée des revenus. La société ne donne pas de guidance de chiffre d’affaires classique : son indicateur de visibilité est le revenu annualisé, 4 Md$ contractés pour la capacité 2026 et 1 Md$ en exploitation au 26 août, avec une capacité 2026 largement vendue et des discussions avancées pour 2027. Aucune date de prochaine publication n’est confirmée par l’émetteur ; le 5 novembre provient d’une source calendaire unique.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/earnings.beatNote" }, { "path": "earnings.nextEarnings", "value": "Publication du premier trimestre de l’exercice 2027 attendue le 5 novembre 2026 après la clôture (16 h, heure de New York) selon une source calendaire unique, non confirmée par l’émetteur ; séance exposée au gap : le 6 novembre.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/earnings.nextEarnings" }, { "path": "earnings.sourceRefs.0.name", "value": "IREN 8-K / Exhibit 99.1", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/earnings.sourceRefs.0.name" }, { "path": "earnings.sourceRefs.0.url", "value": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000051/irenreportsfy26results.htm", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/earnings.sourceRefs.0.url" }, { "path": "earnings.sourceRefs.0.date", "value": "2026-08-27", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/earnings.sourceRefs.0.date" }, { "path": "capitalStructure.sharesOutstanding", "value": "394 058 648 actions ordinaires au 14 août 2026, contre 380 193 608 au 30 juin 2026 et 258 103 209 au 30 juin 2025, soit +52,7 % en quatorze mois (10-K)", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/capitalStructure.sharesOutstanding" }, { "path": "capitalStructure.sharesAuthorized", "value": "Aucun plafond d’actions autorisées : le 10-K précise que le droit australien ne connaît ni capital autorisé limité ni valeur nominale ; la capacité de dilution matérielle passe par le programme « at-the-market », les convertibles et les émissions d’acquisition décrits ci-dessous.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/capitalStructure.sharesAuthorized" }, { "path": "capitalStructure.shareHistory", "value": "Le capital est passé de 258,1 millions d’actions au 30 juin 2025 à 380,2 millions au 30 juin 2026, puis 394,1 millions au 14 août. La dilution vient de cinq sources. Un : le programme « at-the-market », qui a vendu 70,2 millions d’actions sur l’exercice (3 058,0 M$ nets) ; le supplément de prospectus du 4 mars 2026 autorise 6,0 Md$, dont 2 492,1 M$ bruts déjà utilisés, soit environ 3,5 Md$ restants par différence, plafond que le conseil peut relever. Deux : l’offre directe enregistrée de décembre 2025, 39 699 102 actions à 41,12 $ (1 631,5 M$ nets), qui a servi à racheter 544,3 M$ de nominal des convertibles 2029 et 2030 pour 1 632,4 M$, avec une charge de conversion induite de 111,8 M$. Trois : six séries de convertibles, réglables en numéraire, en actions ou en combinaison au choix d’IREN — 2029 (3,50 %, conversion à 13,64 $, environ 233,4 M$ restants), 2030 (3,25 %, 16,81 $, environ 212,3 M$), 2031 (0 %, 85,63 $, 1,0 Md$), 2032 (0,25 %, 51,40 $, 1,15 Md$), échéance juin 2033, émise en décembre 2025 (1,00 %, 51,40 $, 1,15 Md$) et échéance décembre 2033, émise en mai 2026 (1,00 %, 73,07 $, 3,0 Md$). Les options plafonnées ne couvrent que l’écart entre conversion et plafond (82,24 $ pour les échéances 2032 et juin 2033, 110,30 $ pour l’échéance décembre 2033, 120,18 $ pour 2031). Quatre : les droits NVIDIA sur 30 millions d’actions à 70,00 $. Cinq : les actions de rémunération (23,3 millions d’unités et 5,5 millions d’options exclues du résultat dilué) et d’acquisition (environ 12,6 millions pour Mirantis, dont 11 981 668 enregistrées pour revente). Aux prix de conversion initiaux, les convertibles représentent environ 127 millions d’actions ; avec les droits NVIDIA, les unités et les options, environ 186 millions, soit environ 47 % des 394,1 millions en circulation. À 35,71 $, seules les séries 2029 et 2030 (environ 29,7 millions d’actions, seuil de conversion atteint au 30 juin) sont dans la monnaie ; IREN peut toutefois les régler en numéraire.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/capitalStructure.shareHistory" }, { "path": "capitalStructure.warrants.0.strike", "value": 70, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/capitalStructure/warrants/0/strike" }, { "path": "capitalStructure.warrants.0.shares", "value": "30 000 000 actions", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/capitalStructure.warrants.0.shares" }, { "path": "capitalStructure.warrants.0.issued", "value": "2026-05-07", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/capitalStructure.warrants.0.issued" }, { "path": "capitalStructure.warrants.0.expiration", "value": "2031-05-07", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/capitalStructure.warrants.0.expiration" }, { "path": "capitalStructure.warrants.0.dilutionPct", "value": "7,1 % du capital après exercice", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/capitalStructure.warrants.0.dilutionPct" }, { "path": "capitalStructure.warrants.0.note", "value": "Acquis par tranches selon le volume de GPU livrés par NVIDIA ; juste valeur à l’octroi de 793,4 M$", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/capitalStructure.warrants.0.note" }, { "path": "capitalStructure.atm.authorized", "value": "Jusqu’à 6 Md$ d’actions ordinaires (prospectus en vigueur, 10-K)", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/capitalStructure.atm.authorized" }, { "path": "capitalStructure.atm.used", "value": "47 165 838 actions vendues pour 2 492,1 M$ bruts au 14 août 2026", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/capitalStructure.atm.used" }, { "path": "capitalStructure.atm.remaining", "value": "Environ 3,5 Md$ par différence (6,0 Md$ − 2,49 Md$) sous le supplément du 4 mars 2026, plafond que le conseil peut relever", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/capitalStructure.atm.remaining" }, { "path": "capitalStructure.sourceRefs.0.name", "value": "IREN 10-K", "as_of": "2026-10-08", "source_artifact": 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"capitalStructure.sourceRefs.1.name", "value": "IREN 8-K", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/capitalStructure.sourceRefs.1.name" }, { "path": "capitalStructure.sourceRefs.1.url", "value": "https://www.sec.gov/Archives/edgar/data/1878848/000114036125044888/ef20060782_8k.htm", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/capitalStructure.sourceRefs.1.url" }, { "path": "capitalStructure.sourceRefs.1.date", "value": "2025-12-08", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/capitalStructure.sourceRefs.1.date" }, { "path": "capitalStructure.sourceRefs.2.name", "value": "IREN 8-K / Exhibit 99.1", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/capitalStructure.sourceRefs.2.name" }, { "path": "capitalStructure.sourceRefs.2.url", "value": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126021285/ef20073507_ex99-1.htm", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/capitalStructure.sourceRefs.2.url" }, { "path": "capitalStructure.sourceRefs.2.date", "value": "2026-05-14", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/capitalStructure.sourceRefs.2.date" }, { "path": "capitalStructure.sourceRefs.3.name", "value": "IREN 8-K", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/capitalStructure.sourceRefs.3.name" }, { "path": "capitalStructure.sourceRefs.3.url", "value": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126031053/ny20079234x2_8k.htm", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/capitalStructure.sourceRefs.3.url" }, { "path": "capitalStructure.sourceRefs.3.date", "value": "2026-08-04", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/capitalStructure.sourceRefs.3.date" }, { "path": "filingsReview.summary", "value": "Treize pièces décisionnelles ouvertes et hachées, sur un inventaire de 44 formulaires hors déclarations d’initiés. Le 10-K conclut à un contrôle interne efficace au 30 juin 2026, avec une opinion sans réserve de l’auditeur et sans paragraphe de continuité d’exploitation ; la faiblesse matérielle de l’exercice 2024 a été remédiée au 30 juin 2025. Ils séparent trois réalités : le carnet commercial, réel mais concentré (Microsoft et NVIDIA, laboratoire d’IA de pointe) ; le financement, massif et continu (convertibles, financements de GPU, « at-the-market ») ; et la sortie du minage, coûteuse en dépréciations. Aucun rapport de vendeur à découvert activiste ni fonds hostile identifié dans la période ; les Schedule 13G relevés sont passifs.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.summary" }, { "path": "filingsReview.filings.0.date", "value": "2026-08-27", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.0.date" }, { "path": "filingsReview.filings.0.form", "value": "10-K", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.0.form" }, { "path": "filingsReview.filings.0.accession", "value": "0001878848-26-000052", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.0.accession" }, { "path": "filingsReview.filings.0.finding", "value": "Rapport annuel de l’exercice clos le 30 juin 2026 : chiffre d’affaires de 707,0 M$, perte opérationnelle de 1 046,7 M$ après 638,8 M$ de dépréciations du matériel de minage, perte nette de 702,6 M$. Actions : 258 103 209 au 30 juin 2025, 380 193 608 au 30 juin 2026, 394 058 648 au 14 août. Programme « at-the-market » : supplément de prospectus du 4 mars 2026 pour jusqu’à 6,0 Md$, 47,2 millions d’actions vendues pour 2 492,1 M$ bruts ; sur l’exercice, 70,2 millions d’actions vendues par l’« at-the-market » (3 058,0 M$ nets) et 39,7 millions par offre directe enregistrée (1 631,5 M$ nets). Six séries de convertibles (prix de conversion initiaux de 13,64 $ à 85,63 $), réglables en numéraire, en actions ou en combinaison au choix d’IREN ; seuil de conversion atteint au 30 juin pour les séries 2029 et 2030. Droits d’investissement accordés à NVIDIA le 7 mai 2026 : jusqu’à 30 millions d’actions à 70,00 $, acquis par tranches selon le volume de GPU livrés, échéance 7 mai 2031. 7 976,0 M$ de dette en principal : 7 705,6 M$ de dette (6 767,6 M$ avec recours, 938,0 M$ sans recours) et 270,4 M$ de location-financement. Contrats Microsoft (9,7 Md$) et NVIDIA (3,4 Md$) = « substantial majority » du revenu contracté. Contrôle interne jugé efficace et opinion sans réserve de l’auditeur ; faiblesse matérielle de l’exercice 2024 remédiée au 30 juin 2025.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.0.finding" }, { "path": "filingsReview.filings.0.url", "value": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.0.url" }, { "path": "filingsReview.filings.1.date", "value": "2026-08-27", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.1.date" }, { "path": "filingsReview.filings.1.form", "value": "8-K / Exhibit 99.1", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.1.form" }, { "path": "filingsReview.filings.1.accession", "value": "0001878848-26-000051", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.1.accession" }, { "path": "filingsReview.filings.1.finding", "value": "Communiqué des résultats annuels : revenus cloud IA de 128,8 M$ (contre 16,4 M$), revenus de minage de 578,2 M$, chiffre d’affaires total de 707,0 M$ ; EBITDA ajusté de 245,7 M$ sur l’exercice et de 19,2 M$ au quatrième trimestre. 4 Md$ de revenu annualisé contracté pour la capacité 2026, 1 Md$ en exploitation au 26 août ; nouveau contrat avec un laboratoire d’IA de pointe ; 2,8 Md$ de nouveaux financements de GPU, dont 2,4 Md$ menés par Blue Owl à 9,0 %.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.1.finding" }, { "path": "filingsReview.filings.1.url", "value": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000051/irenreportsfy26results.htm", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.1.url" }, { "path": "filingsReview.filings.2.date", "value": "2025-11-03", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.2.date" }, { "path": "filingsReview.filings.2.form", "value": "8-K / Exhibit 99.1", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.2.form" }, { "path": "filingsReview.filings.2.accession", "value": "0001140361-25-040072", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.2.accession" }, { "path": "filingsReview.filings.2.finding", "value": "Contrat de services cloud GPU de cinq ans avec Microsoft, d’une valeur totale d’environ 9,7 Md$, prépaiement de 20 % compris ; achat corrélatif de GPU et d’équipements à Dell pour environ 5,8 Md$, déployés en 2026 sur le campus de Childress (Horizons 1 à 4, 200 MW de charge informatique).", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.2.finding" }, { "path": "filingsReview.filings.2.url", "value": "https://www.sec.gov/Archives/edgar/data/1878848/000114036125040072/ef20058139_ex99-1.htm", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.2.url" }, { "path": "filingsReview.filings.3.date", "value": "2026-08-13", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.3.date" }, { "path": "filingsReview.filings.3.form", "value": "8-K / Exhibit 99.1", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.3.form" }, { "path": "filingsReview.filings.3.accession", "value": "0001140361-26-032638", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.3.accession" }, { "path": "filingsReview.filings.3.finding", "value": "Horizon 1, premier des quatre déploiements de 50 MW pour Microsoft à Childress, livré et accepté ; statut NVIDIA Exemplar Cloud sur GB300 NVL72. Horizons 2 à 4 attendus plus tard en 2026.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.3.finding" }, { "path": "filingsReview.filings.3.url", "value": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126032638/ef20080141_ex99-1.htm", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.3.url" }, { "path": "filingsReview.filings.4.date", "value": "2026-05-14", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.4.date" }, { "path": "filingsReview.filings.4.form", "value": "8-K / Exhibit 99.1", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.4.form" }, { "path": "filingsReview.filings.4.accession", "value": "0001140361-26-021285", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.4.accession" }, { "path": "filingsReview.filings.4.finding", "value": "Clôture d’une émission de 3,0 Md$ d’obligations convertibles à 1,00 % échéance 2033, prime de conversion de 32,5 % sur un cours de référence de 55,15 $, achat d’options plafonnées (« capped call ») à 110,30 $ pour 201,3 M$ ; produit net d’environ 2,96 Md$.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.4.finding" }, { "path": "filingsReview.filings.4.url", "value": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126021285/ef20073507_ex99-1.htm", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.4.url" }, { "path": "filingsReview.filings.5.date", "value": "2026-06-01", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.5.date" }, { "path": "filingsReview.filings.5.form", "value": "8-K", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.5.form" }, { "path": "filingsReview.filings.5.accession", "value": "0001140361-26-023427", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.5.accession" }, { "path": "filingsReview.filings.5.finding", "value": "Financement de GPU dédié au contrat Microsoft, porté par une filiale : prêt à tirage différé au taux SOFR + 2,25 % et 2,1 Md$ d’obligations garanties à 5,96 % échéance 31 décembre 2031, adossés aux GPU et aux flux du contrat ; ratio de couverture du service de la dette d’au moins 1,05. Garantie de la société mère limitée : si Microsoft résilie valablement une tranche financée sans client de remplacement, la société mère garantit la dette de cette tranche, nette du produit de revente des GPU, plus tout montant initial dû à Microsoft.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.5.finding" }, { "path": "filingsReview.filings.5.url", "value": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126023427/ef20075181_8k.htm", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.5.url" }, { "path": "filingsReview.filings.6.date", "value": "2026-05-26", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.6.date" }, { "path": "filingsReview.filings.6.form", "value": "8-K / Exhibit 99.1", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.6.form" }, { "path": "filingsReview.filings.6.accession", "value": "0001878848-26-000030", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.6.accession" }, { "path": "filingsReview.filings.6.finding", "value": "Achat à Dell de systèmes Blackwell refroidis par air pour environ 1,6 Md$, destinés à un contrat de services gérés de 3,4 Md$ sur cinq ans (NVIDIA, contrepartie nommée par le 10-K) ; mise en service visée début 2027, revenu annualisé visé porté de 3,7 Md$ à 4,4 Md$, non entièrement contracté.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.6.finding" }, { "path": "filingsReview.filings.6.url", "value": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000030/irentrgts44bninarrwithbl.htm", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.6.url" }, { "path": "filingsReview.filings.7.date", "value": "2026-03-04", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.7.date" }, { "path": "filingsReview.filings.7.form", "value": "8-K / Exhibit 99.1", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.7.form" }, { "path": "filingsReview.filings.7.accession", "value": "0001140361-26-007905", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.7.accession" }, { "path": "filingsReview.filings.7.finding", "value": "Commande de plus de 50 000 GPU NVIDIA B300 portant la flotte visée à 150 000 GPU, environ 3,5 Md$ d’investissements supplémentaires attendus au second semestre 2026 ; mise en place d’un programme « at-the-market » d’émission d’actions.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.7.finding" }, { "path": "filingsReview.filings.7.url", "value": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126007905/ny20064909x3_ex99-1.htm", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.7.url" }, { "path": "filingsReview.filings.8.date", "value": "2026-08-04", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.8.date" }, { "path": "filingsReview.filings.8.form", "value": "8-K / Exhibit 99.1", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.8.form" }, { "path": "filingsReview.filings.8.accession", "value": "0001140361-26-031053", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.8.accession" }, { "path": "filingsReview.filings.8.finding", "value": "Acquisition de Mirantis (logiciel d’orchestration cloud) réalisée par l’émission d’environ 12,6 millions d’actions ordinaires, plus environ 40 M$ en numéraire, unités d’actions restreintes et autres contreparties.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.8.finding" }, { "path": "filingsReview.filings.8.url", "value": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126031053/ny20079234x2_ex99-1.htm", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.8.url" }, { "path": "filingsReview.filings.9.date", "value": "2025-12-08", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.9.date" }, { "path": "filingsReview.filings.9.form", "value": "8-K", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.9.form" }, { "path": "filingsReview.filings.9.accession", "value": "0001140361-25-044888", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.9.accession" }, { "path": "filingsReview.filings.9.finding", "value": "Émission de 1,15 Md$ de convertibles à 0,25 % échéance 2032 et de 1,15 Md$ à 1,00 % échéance 2033 (produit net d’environ 2 270,0 M$), options plafonnées à 82,24 $ pour 201,0 M$ ; offre directe enregistrée de 39 699 102 actions à 41,12 $ ; rachat d’environ 227,7 M$ de nominal des convertibles 2030 pour environ 608,2 M$ et d’environ 316,6 M$ des convertibles 2029 pour environ 1 024,2 M$. Le 10-K comptabilise ce rachat en conversion induite, avec une charge de 111,8 M$.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.9.finding" }, { "path": "filingsReview.filings.9.url", "value": "https://www.sec.gov/Archives/edgar/data/1878848/000114036125044888/ef20060782_8k.htm", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.9.url" }, { "path": "filingsReview.filings.10.date", "value": "2026-03-04", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.10.date" }, { "path": "filingsReview.filings.10.form", "value": "8-K", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.10.form" }, { "path": "filingsReview.filings.10.accession", "value": "0001140361-26-007905", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.10.accession" }, { "path": "filingsReview.filings.10.finding", "value": "Accords d’achat de GPU et d’équipements avec Dell Canada (environ 2,3 Md$) et Dell USA (environ 1,2 Md$), livrés au second semestre 2026 et payables dans les trente jours de chaque expédition ; IREN garantit sans condition les obligations de ses filiales acheteuses.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.10.finding" }, { "path": "filingsReview.filings.10.url", "value": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126007905/ny20064909x3_8k.htm", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.10.url" }, { "path": "filingsReview.filings.11.date", "value": "2026-08-04", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.11.date" }, { "path": "filingsReview.filings.11.form", "value": "8-K", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.11.form" }, { "path": "filingsReview.filings.11.accession", "value": "0001140361-26-031053", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.11.accession" }, { "path": "filingsReview.filings.11.finding", "value": "Supplément de prospectus de revente de jusqu’à 11 981 668 actions par les anciens actionnaires de Mirantis : revente secondaire d’actions déjà émises pour l’acquisition, sans nouvelle émission.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.11.finding" }, { "path": "filingsReview.filings.11.url", "value": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126031053/ny20079234x2_8k.htm", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.11.url" }, { "path": "filingsReview.filings.12.date", "value": "2026-05-14", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.12.date" }, { "path": "filingsReview.filings.12.form", "value": "8-K", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.12.form" }, { "path": "filingsReview.filings.12.accession", "value": "0001140361-26-021285", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.12.accession" }, { "path": "filingsReview.filings.12.finding", "value": "Acte d’émission des convertibles de 3,0 Md$ à 1,00 % échéance 2033 : obligations senior non garanties, prix de conversion initial de 73,07 $ selon le 10-K, options plafonnées pour 201,3 M$.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.12.finding" }, { "path": "filingsReview.filings.12.url", "value": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126021285/ef20073507_8k.htm", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.filings.12.url" }, { "path": "filingsReview.contrarianRisks.0", "value": "Le revenu annualisé de 4 Md$ est un indicateur de gestion calculé sur des GPU sous contrat ; la société précise elle-même que le revenu comptabilisé peut être sensiblement inférieur.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.contrarianRisks.0" }, { "path": "filingsReview.contrarianRisks.3", "value": "Microsoft et NVIDIA représentent la majorité substantielle du revenu contracté ; NVIDIA est en même temps fournisseur, client et titulaire de droits sur 30 millions d’actions acquis au volume de GPU achetés : la relation est circulaire.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.contrarianRisks.3" }, { "path": "filingsReview.contrarianRisks.4", "value": "Sur 7 976,0 M$ de dette en principal, 6 767,6 M$ sont avec recours sur la société mère, 938,0 M$ (financement Microsoft) sans recours, plus 270,4 M$ de passif de location-financement comptabilisé au 30 juin. S’y rattachent en partie des financements de GPU par location signés en août et novembre 2025 (environ 102 M$ sur 36 mois, environ 96 M$ et environ 200 M$ sur 24 mois), qui n’avaient pas tous démarré au 30 juin.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.contrarianRisks.4" }, { "path": "filingsReview.contrarianRisks.5", "value": "Le programme « at-the-market » peut être activé à tout moment : 70,2 millions d’actions vendues sur l’exercice, environ 3,5 Md$ de capacité restante.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/filingsReview.contrarianRisks.5" }, { "path": "technicals.rsi14", "value": 34.77, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/technicals/rsi14" }, { "path": "technicals.macd", "value": -1.01, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/technicals/macd" }, { "path": "technicals.macdSignal", "value": -0.13, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/technicals/macdSignal" }, { "path": "technicals.ema20", "value": 41.62, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/technicals/ema20" }, { "path": "technicals.ema50", "value": 42.42, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/technicals/ema50" }, { "path": "technicals.ema200", "value": 44.14, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/technicals/ema200" }, { "path": "technicals.atr14", "value": 2.7, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/technicals/atr14" }, { "path": "technicals.supports.0", "value": 35.24, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/technicals/supports/0" }, { "path": "technicals.supports.1", "value": 34.81, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/technicals/supports/1" }, { "path": "technicals.supports.2", "value": 28.93, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/technicals/supports/2" }, { "path": "technicals.resistances.0", "value": 42.178, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/technicals/resistances/0" }, { "path": "technicals.resistances.1", "value": 43.91, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/technicals/resistances/1" }, { "path": "technicals.resistances.2", "value": 49.3699, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/technicals/resistances/2" }, { "path": "technicals.setupNote", "value": "Le titre clôture à 35,71 $, sous ses moyennes à vingt (41,62 $), cinquante (42,42 $) et deux cents séances (44,14 $), RSI à 35, MACD sous zéro et sous sa ligne de signal. Les sommets se font de plus en plus bas depuis le 23 septembre (49,37 $), puis 43,91 $ le 2 octobre et 42,18 $ le 6. Le plus bas du jour, 35,24 $, revient au niveau du lendemain des résultats annuels (34,81 $) ; sous ce niveau, le plus bas sur un an est à 28,93 $. Aucun ordre : les niveaux du plan du 28 août, entrée 38,05 $ et stop 36,09 $, sont archivés et inactifs. ATR de 2,70 $, soit environ 7,6 % du cours par séance.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/technicals.setupNote" }, { "path": "technicals.sourceRefs.0.date", "value": "2026-10-09", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/technicals.sourceRefs.0.date" }, { "path": "options.sourceRefs.0.date", "value": "2026-10-09", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/options.sourceRefs.0.date" }, { "path": "shortInterest.siPct", "value": "21,71 % du flottant (statistique courante) ; 83 089 334 actions à la date de règlement FINRA du 15 septembre 2026", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/shortInterest.siPct" }, { "path": "shortInterest.daysToCover", "value": "2,32 jours (FINRA, 15 septembre 2026) ; le fournisseur affiche par ailleurs 2,00 jours, autre statistique non datée", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/shortInterest.daysToCover" }, { "path": "shortInterest.ctb", "value": "0,41 % annualisé selon le composite de signaux collecté le 9 octobre : emprunt bon marché, aucune tension de prêt", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/shortInterest.ctb" }, { "path": "shortInterest.trend", "value": "Positions vendeuses élevées : plus de vingt pour cent du flottant, environ 83 millions d’actions. Un rachat forcé après une bonne nouvelle reste possible, mais ce n’est pas une thèse en soi.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/shortInterest.trend" }, { "path": "shortInterest.sourceRefs.0.date", "value": "2026-10-09", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/shortInterest.sourceRefs.0.date" }, { "path": "insiders.signal", "value": "Aucun achat ni vente de marché par un dirigeant sur douze mois : les seules transactions relevées sont des attributions d’actions au 1er juillet 2026 aux cofondateurs, au directeur financier et aux administrateurs. Les cofondateurs Daniel et William Roberts restent les principaux détenteurs déclarés parmi les initiés.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/insiders.signal" }, { "path": "insiders.sourceRefs.0.name", "value": "Données de marché datées (provenance hashée) : formulaires 4", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/insiders.sourceRefs.0.name" }, { "path": "insiders.sourceRefs.0.date", "value": "2026-10-09", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/insiders.sourceRefs.0.date" }, { "path": "insiders.sourceRefs.1.name", "value": "IREN 10-K", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/insiders.sourceRefs.1.name" }, { "path": "insiders.sourceRefs.1.url", "value": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/insiders.sourceRefs.1.url" }, { "path": "insiders.sourceRefs.1.date", "value": "2026-08-27", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/insiders.sourceRefs.1.date" }, { "path": "macro.indicators.0.value", "value": "2026-10-08", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/macro.indicators.0.value" }, { "path": "macro.indicators.0.signal", "value": "35,71 $, séance complète", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/macro.indicators.0.signal" }, { "path": "macro.indicators.1.value", "value": "−12,15 %", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/macro.indicators.1.value" }, { "path": "macro.indicators.2.value", "value": "−21,29 %", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/macro.indicators.2.value" }, { "path": "macro.impact", "value": "IREN est sensible à trois facteurs extérieurs : l’appétit du marché pour les fournisseurs de calcul IA, qui fait bouger ensemble Nebius, CoreWeave et les anciens mineurs ; le coût du crédit, qui finance les GPU ; et, de moins en moins, le cours du bitcoin, qui pèse encore sur la part de minage restante. Un doute sur la demande de calcul ou un durcissement du crédit le toucherait plus que la moyenne : le fournisseur de données affiche un bêta de 4,27 (méthodologie non précisée).", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/macro.impact" }, { "path": "risks.riskScore", "value": 8, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/risks/riskScore" }, { "path": "risks.riskSummary", "value": "Le risque d’IREN n’est pas la demande — Microsoft et NVIDIA la démontrent — mais l’exécution, la concentration et le financement. Le capital est passé de 258 à 394 millions d’actions en quatorze mois. Trois déploiements Microsoft restent à livrer, chaque vague de GPU exige des milliards avant le premier loyer, et la société finance ce rythme par de la dette, des convertibles et des émissions d’actions. Un retard, une baisse des prix du calcul ou une fermeture du marché du crédit suffisent à faire décrocher un titre déjà très volatil.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/risks.riskSummary" }, { "path": "risks.riskCards.0.points.0", "value": "7 976,0 M$ de dette en principal au 30 juin, convertibles et financements de GPU compris.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/risks.riskCards.0.points.0" }, { "path": "risks.riskCards.1.points.0", "value": "258,1 millions d’actions au 30 juin 2025, 394,1 millions au 14 août 2026 (+52,7 %).", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/risks.riskCards.1.points.0" }, { "path": "risks.riskCards.1.points.1", "value": "Environ 186 millions d’actions potentielles : six séries de convertibles, droits NVIDIA, unités et options.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/risks.riskCards.1.points.1" }, { "path": "risks.riskCards.1.points.2", "value": "« At-the-market » : environ 3,5 Md$ de capacité restante sous le supplément de mars.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/risks.riskCards.1.points.2" }, { "path": "risks.riskCards.2.points.0", "value": "Fournisseur des GPU GB300 et B300 ; ses délais de livraison ont déjà retardé des équipements d’Horizon 1.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/risks.riskCards.2.points.0" }, { "path": "risks.riskCards.2.points.1", "value": "Client d’un contrat cloud de cinq ans d’environ 3,4 Md$.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/risks.riskCards.2.points.1" }, { "path": "risks.riskCards.2.points.2", "value": "Titulaire de droits sur 30 millions d’actions à 70,00 $, acquis au volume de GPU livrés, échéance 2031.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/risks.riskCards.2.points.2" }, { "path": "risks.riskCards.3.points.0", "value": "Horizons 2 à 4 à livrer d’ici le début du deuxième trimestre 2027, délais de grâce compris.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/risks.riskCards.3.points.0" }, { "path": "risks.riskCards.3.points.1", "value": "Microsoft et NVIDIA forment la majorité substantielle du revenu contracté (10-K).", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/risks.riskCards.3.points.1" }, { "path": "risks.riskCards.3.points.2", "value": "GPU du contrat Microsoft amortis linéairement sur cinq ans ; le 10-K prévient que leur durée de vie économique et leur valeur résiduelle peuvent être inférieures aux attentes.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/risks.riskCards.3.points.2" }, { "path": "risks.riskCards.4.points.0", "value": "Bêta de 4,27 selon le fournisseur ; positions vendeuses au-dessus de vingt pour cent du flottant.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/risks.riskCards.4.points.0" }, { "path": "risks.riskCards.4.points.1", "value": "Sur 250 séances, 35 ouvertures ont décalé de 5 % ou plus et 4 de 10 % ou plus, maximum 20,3 % ; ATR d’environ 7,6 % du cours par séance.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/risks.riskCards.4.points.1" }, { "path": "risks.pedagogy", "value": "IREN illustre l’écart entre un revenu annualisé et un compte de résultat. Le premier — 4 Md$ contractés pour 2026 — multiplie des heures de GPU sous contrat par le nombre d’heures d’une année ; le second n’a enregistré que 128,8 M$ de revenus cloud IA sur l’exercice clos en juin. Le passage de l’un à l’autre dépend de la livraison de chaque déploiement, de son acceptation par le client et du taux d’utilisation. D’ici là, la société finance ses GPU par de la dette et de nouvelles actions. Côté marché, le montant médian échangé atteint 1 481 M$ par séance sur les vingt dernières séances : la liquidité est excellente, mais le gap ne l’est pas. Sur 250 séances, 35 ouvertures ont décalé de 5 % ou plus (14 %), 4 de 10 % ou plus, avec un maximum de 20,3 % ; le lendemain des résultats du 27 août, le titre a ouvert à −7,1 %. Un stop peut donc être exécuté nettement sous son niveau : la perte réelle se calcule avec ce glissement, pas avec la seule distance au stop, et la taille se fixe à partir d’un budget de perte décidé d’avance, jamais à partir de l’objectif. Ici, la bonne décision est d’attendre une base et les résultats du 5 novembre.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/risks.pedagogy" }, { "path": "tradeIdea.archiveReferenceClose", "value": "2026-08-27", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/tradeIdea.archiveReferenceClose" }, { "path": "tradeIdea.statusNote", "value": "Aucun ordre actif. Les niveaux affichés — entrée 38,05 $, stop 36,09 $, TP1 42,24 $, TP2 43,72 $ — sont ceux, archivés, du plan rédigé le 28 août sur la clôture du 27 août, resté en attente et jamais rendu exécutable : inactifs et non exécutables. Pour mémoire, le titre est passé sous la référence de stop dès le 28 août (plus bas à 34,81 $) avant de remonter jusqu’à 49,29 $ le 8 septembre. Aucun nouvel ordre au cours actuel, sous toutes les moyennes et dans un repli sectoriel.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/tradeIdea.statusNote" }, { "path": "tradeIdea.entry", "value": 38.05, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/tradeIdea/entry" }, { "path": "tradeIdea.stop", "value": 36.0936, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/tradeIdea/stop" }, { "path": "tradeIdea.tp1", "value": 42.24, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/tradeIdea/tp1" }, { "path": "tradeIdea.tp2", "value": 43.72, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/tradeIdea/tp2" }, { "path": "tradeIdea.stopPct", "value": "-5.1%", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/tradeIdea.stopPct" }, { "path": "tradeIdea.tp1Pct", "value": "+11.0%", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/tradeIdea.tp1Pct" }, { "path": "tradeIdea.tp2Pct", "value": "+14.9%", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/tradeIdea.tp2Pct" }, { "path": "tradeIdea.rr", "value": "1:2.14 TP1 / 1:2.90 TP2", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/tradeIdea.rr" }, { "path": "tradeIdea.entryNote", "value": "Aucune entrée. Les niveaux du tableau sont archivés et non exécutables. Aucun réexamen avant la publication du 5 novembre. Ensuite, conditions de réexamen, sans ordre : au moins cinq clôtures consécutives au-dessus de 34,81 $, comptées à partir de la séance qui suit la publication du 5 novembre ; une clôture au-dessus de 42,18 $ (dernier sommet décroissant) avec un volume supérieur à la médiane de vingt séances (34,0 millions d’actions au 8 octobre) ; la livraison d’Horizon 2 confirmée ; aucun nouveau dépôt de financement dilutif d’ampleur. Ne pas acheter une ouverture en gap à plus d’un ATR (2,70 $) au-dessus de 42,18 $, soit 44,88 $. Liquidité : montant médian échangé de 1 481 M$ par séance sur vingt séances. Toute position devrait rester réduite compte tenu du bêta et du glissement possible à l’ouverture.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/tradeIdea.entryNote" }, { "path": "tradeIdea.thesis", "value": "IREN est une histoire de contrats contre bilan. Les contrats — Microsoft pour 9,7 Md$, 4 Md$ de revenu annualisé contracté — sont solides ; le bilan — 8 Md$ de dette, un programme d’actions de 6 Md$ déjà tiré à 2,5 Md$, une perte nette de 703 M$ — l’est beaucoup moins. On n’achète pas ce titre à 35,71 $, sous toutes ses moyennes et au milieu d’un repli de tout le secteur des neoclouds. Le plan du 28 août n’a jamais été activé ; le prochain se construira, s’il se construit, sur une base au-dessus de 34,81 $, une reprise de 42,18 $ et la preuve que les déploiements Microsoft se transforment en revenus comptabilisés.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/tradeIdea.thesis" }, { "path": "tradeIdea.catalysts.0", "value": "Les résultats du 5 novembre après la clôture (séance du 6 exposée au gap) : premier trimestre avec Horizon 1 en revenus et premier point sur la conversion du revenu annualisé.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/tradeIdea.catalysts.0" }, { "path": "tradeIdea.catalysts.1", "value": "La livraison et l’acceptation d’Horizons 2 à 4 par Microsoft d’ici la fin de 2026.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/tradeIdea.catalysts.1" }, { "path": "tradeIdea.invalidation.2", "value": "Une clôture sous 28,93 $, plus bas sur un an, ou une émission d’actions de grande taille aggraverait le diagnostic.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/tradeIdea.invalidation.2" }, { "path": "globalScore.keyTakeawaysPositive.0", "value": "Contrat Microsoft d’environ 9,7 Md$ sur cinq ans, premier déploiement accepté en août 2026.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/globalScore.keyTakeawaysPositive.0" }, { "path": "globalScore.keyTakeawaysPositive.1", "value": "4 Md$ de revenu annualisé contracté pour 2026, 1 Md$ en exploitation au 26 août.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/globalScore.keyTakeawaysPositive.1" }, { "path": "globalScore.keyTakeawaysPositive.2", "value": "Revenus cloud IA multipliés par près de huit sur l’exercice, à 128,8 M$.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/globalScore.keyTakeawaysPositive.2" }, { "path": "globalScore.keyTakeawaysNegative.0", "value": "Perte nette de 702,6 M$ et flux de trésorerie libre négatif sur l’exercice.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/globalScore.keyTakeawaysNegative.0" }, { "path": "globalScore.keyTakeawaysNegative.1", "value": "7 976,0 M$ de dette en principal et programme « at-the-market » de 6 Md$ tiré à 2,49 Md$.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/globalScore.keyTakeawaysNegative.1" }, { "path": "globalScore.keyTakeawaysNegative.2", "value": "Titre sous toutes ses moyennes, bêta supérieur à quatre, résultats le 5 novembre.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/globalScore.keyTakeawaysNegative.2" }, { "path": "social.sourceRefs.0.date", "value": "2026-10-09", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/social.sourceRefs.0.date" }, { "path": "blastRadius.asOf", "value": "2026-10-08", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/blastRadius.asOf" }, { "path": "blastRadius.observationTime", "value": "2026-10-09T06:14:35.641675025Z", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/blastRadius.observationTime" }, { "path": "blastRadius.window", "value": "Rendements quotidiens communs du 2026-01-22 au 2026-10-08", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/blastRadius.window" }, { "path": "blastRadius.methodology", "value": "Les séries sont alignées sur les mêmes dates de clôture et converties en rendements logarithmiques journaliers communs, du 22 janvier 2026 au 8 octobre 2026. 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oscille entre 34,81 $ et 43,91 $, au gré de l’appétit pour les neoclouds.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/blastRadius.scenarios.1.firstOrder" }, { "path": "blastRadius.scenarios.2.firstOrder", "value": "Le titre casse 34,81 $ et revient vers le plus bas sur un an, 28,93 $.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/blastRadius.scenarios.2.firstOrder" }, { "path": "blastRadius.scenarios.2.confirmation", "value": "Une clôture sous 34,81 $ ou un dépôt de financement fortement dilutif.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/blastRadius.scenarios.2.confirmation" }, { "path": "blastRadius.scenarios.2.contradiction", "value": "Une acceptation d’Horizons 2 à 4 dans les délais malgré la baisse du titre.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/blastRadius.scenarios.2.contradiction" }, { "path": "blastRadius.contradictions.0", "value": "Le carnet de contrats n’a jamais été aussi solide, mais le titre a perdu plus de la moitié de son plus haut de novembre 2025 : le marché paie le coût de financement et le risque d’exécution, pas seulement les contrats.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/blastRadius.contradictions.0" }, { "path": "blastRadius.contradictions.1", "value": "Le repli des 7 et 8 octobre est commun à Nebius, CoreWeave et Cipher Mining : il ne prouve rien de propre à IREN, et une corrélation élevée avec ces pairs ne signifie pas un lien commercial.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/blastRadius.contradictions.1" }, { "path": "blastRadius.missingData.0", "value": "Hut 8, CleanSpark et Bitdeer, pairs directs économiquement pertinents, sont écartés du blast radius certifié : leurs séries quotidiennes ont été refusées pour séances incomplètes.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/blastRadius.missingData.0" }, { "path": "blastRadius.missingData.1", "value": "Prochaine date de résultats (5 novembre) issue d’une source calendaire unique, non confirmée par l’émetteur.", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/blastRadius.missingData.1" }, { "path": "blastRadius.sourceRefs.0.date", "value": "2026-10-09", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/blastRadius.sourceRefs.0.date" }, { "path": "blastRadius.sourceRefs.1.name", "value": "IREN 8-K / Exhibit 99.1", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/blastRadius.sourceRefs.1.name" }, { "path": "blastRadius.sourceRefs.1.url", "value": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000051/irenreportsfy26results.htm", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/blastRadius.sourceRefs.1.url" }, { "path": "blastRadius.sourceRefs.1.date", "value": "2026-08-27", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/blastRadius.sourceRefs.1.date" }, { "path": "performance.windowReturns.startDate", "value": "2026-09-09", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/performance.windowReturns.startDate" }, { "path": "performance.windowReturns.endDate", "value": "2026-10-08", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/performance.windowReturns.endDate" }, { "path": "performance.windowReturns.rows.0.returnPct", "value": -21.29, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/performance/windowReturns/rows/0/returnPct" }, { "path": "performance.windowReturns.rows.1.returnPct", "value": -8.59, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/performance/windowReturns/rows/1/returnPct" }, { "path": "performance.windowReturns.rows.2.returnPct", "value": -14.07, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/performance/windowReturns/rows/2/returnPct" }, { "path": "performance.windowReturns.rows.3.returnPct", "value": -20.12, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/performance/windowReturns/rows/3/returnPct" }, { "path": "performance.windowReturns.rows.4.returnPct", "value": -20.32, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/performance/windowReturns/rows/4/returnPct" }, { "path": "performance.windowReturns.rows.5.returnPct", "value": -15.09, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/performance/windowReturns/rows/5/returnPct" }, { "path": "performance.windowReturns.rows.6.returnPct", "value": -12.12, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/performance/windowReturns/rows/6/returnPct" }, { "path": "performance.windowReturns.rows.7.returnPct", "value": 3.04, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/performance/windowReturns/rows/7/returnPct" }, { "path": "performance.windowReturns.rows.8.returnPct", "value": 7.34, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/performance/windowReturns/rows/8/returnPct" }, { "path": "performance.windowReturns.rows.9.returnPct", "value": -7.29, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/performance/windowReturns/rows/9/returnPct" }, { "path": "performance.windowReturns.rows.10.returnPct", "value": -16.05, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/performance/windowReturns/rows/10/returnPct" }, { "path": "performance.windowReturns.rows.11.returnPct", "value": -20.14, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/performance/windowReturns/rows/11/returnPct" }, { "path": "performance.windowReturns.rows.12.returnPct", "value": 4.45, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/performance/windowReturns/rows/12/returnPct" }, { "path": "performance.windowReturns.rows.13.returnPct", "value": -15.89, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/performance/windowReturns/rows/13/returnPct" }, { "path": "performance.windowReturns.rows.14.returnPct", "value": 5.74, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/performance/windowReturns/rows/14/returnPct" }, { "path": "performance.windowReturns.rows.15.returnPct", "value": 6.3, "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/values/performance/windowReturns/rows/15/returnPct" }, { "path": "performance.sourceRefs.0.date", "value": "2026-10-09", "as_of": "2026-10-08", "source_artifact": "analyses/IREN/_runs/20261009/revision/numeric-evidence.json", "source_sha256": "4e19c0f583a545aff914db7ff43a1d6625fecae7b3dcffab145aea1cc6c313ac", "source_pointer": "/string_numeric_claims/performance.sourceRefs.0.date" } ] }