Iren (IREN) Convertible Debt (2021 - 2026)
Iren's (IREN) quarterly Convertible Debt came in at $3.7 billion in Q1 2026, up 1043.58% year-over-year from $322.5 million in Q1 2025, and little changed quarter-over-quarter from $3.7 billion in Q4 2025.
Analysis
Iren (IREN) Convertible Debt (2021 - 2026) Analysis & Trends
Iren (IREN) has reported Convertible Debt for 4 consecutive years, with $3.7 billion the latest figure, recorded in Q1 2026.
- On a quarterly basis, Convertible Debt rose 1043.58% year-over-year to $3.7 billion in Q1 2026; TTM through Mar 2026 was $3.7 billion, a 1043.58% increase from a year earlier, with the FY2025 full-year figure at $962.8 million, changed N/A from the prior year.
- Convertible Debt was $3.7 billion for Q1 2026 at Iren, roughly flat from $3.7 billion in the prior quarter.
- Over five years, Convertible Debt peaked at $3.7 billion in Q1 2026 and troughed at $318.2 million in Q4 2024.
- A 3-year average of $1.7 billion and a median of $963.5 million in 2025 frame the typical range for Convertible Debt.
- Across the five-year window, Convertible Debt jumped 1058.12% in 2025 and soared 1043.58% in 2026, its largest moves.
- Over 3 years, Convertible Debt stood at $318.2 million in 2024, then jumped by 1058.12% to $3.7 billion in 2025, then increased by 0.07% to $3.7 billion in 2026.
- The last three Convertible Debt figures came in at $3.7 billion (Q1 2026), $3.7 billion (Q4 2025), and $964.2 million (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.18 Bn | 56.84 Bn | 40.81 Mn |
| 2 | Iren | 33.35 Bn | 25.78 Bn | 103.89 Mn |
| 3 | Hut 8 | 12.15 Bn | 5.67 Bn | 48.04 Mn |
| 4 | Riot Platforms | 8.12 Bn | 7.57 Bn | 84.97 Mn |
| 5 | Argo Blockchain | 6.30 Bn | 6.30 Bn | - |
| 6 | MARA Holdings | 4.58 Bn | 4.22 Bn | - |
| 7 | Cleanspark | 3.51 Bn | 3.30 Bn | - |
| 8 | Bitdeer Technologies | 2.82 Bn | 2.36 Bn | -8.53 Mn |
| 9 | Keel Infrastructure | 2.20 Bn | 2.20 Bn | -86.75 Mn |
| 10 | HIVE Digital Technologies | 831.06 Mn | 592.03 Mn | -29.49 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 3.69 Bn |
| Dec 31, 2025 | 3.69 Bn |
| Sep 30, 2025 | 964.21 Mn |
| Jun 30, 2025 | 962.77 Mn |
| Mar 31, 2025 | 322.48 Mn |
| Dec 31, 2024 | 318.21 Mn |
| Jun 30, 2021 | 63.72 Mn |