What is IREN's dilution risk score?

IREN currently has a DilutionScore of 37/100, indicating medium dilution risk. DilutionWatch monitors IREN SEC filings in real-time, scanning EDGAR every 60 seconds for shelf registrations, ATM offerings, warrant exercises, PIPE deals, and reverse split signals.

What SEC filings does DilutionWatch track for IREN?

DilutionWatch tracks 25 SEC filing types for IREN including S-3 shelf registrations, 424B prospectuses (ATM offerings), S-1 registration statements, 8-K material events, warrant exercise notices, convertible note agreements, and Form 4 insider transactions. Alerts are delivered via email within minutes of a filing appearing on EDGAR.

How does stock dilution affect IREN shareholders?

Stock dilution occurs when a company issues new shares, reducing the ownership percentage of existing shareholders. For IREN, common dilution events include at-the-market (ATM) stock offerings, shelf registration drawdowns, warrant exercises, and convertible note conversions. Each event increases the share count and can pressure the stock price lower.

Is DilutionWatch free for IREN tracking?

DilutionWatch provides a free tier that shows DilutionScores and basic filing history for IREN. Premium plans ($19.95/month Basic, $39.95/month Premium) unlock real-time email alerts, the full Pulse™ feed, advanced dilution forecasts, and access to all 10,000+ tracked tickers.

IREN Dilution Risk Score: 37/100 (MEDIUM)

📊 Score Breakdown

📋 Offering Ability

60

💰 Cash Runway

0

📊 Float Risk

17

⚠️ Warrant Exposure

15

🔄Convertible Debt—

🌦️ Dilution Forecast

🌥️

Advisory

Moderate dilution signals present

25%

🔁 Convertible Conversion 40%

• Significant convertible debt: 16% potential dilution

• Elevated convertible risk (60/100)

💰 Capital Raise 18%

• Active ATM program with $6000M remaining capacity

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💹 Market Data

Market Cap$22.71B

Shares Outstanding357.38M

Float327.86M

Cash$2.21B

DebtN/A

Short InterestN/A

🏛 Institutional Holdings

10 institutional holders · 69.87M shares

#1 Shaw D.E. & Co., Inc. 11.68M shares

#2 Citigroup Inc. 9.88M shares

#3 Situational Awareness LP 8.70M shares

+ 7 more holders Sign up free to view →

📉 Short Interest

Short Interest76.03M

Days to Cover2.1

% of Float23.2%

FINRA data as of Jun 30, 2026

👤 Insider Buy/Sell Ratio

📁 Recent SEC Activity

xbrl XBRL CONVERTIBLE Mar 31, 2026

4 INSIDER TRANSACTION Jul 01, 2026

Full SEC filing analysis available with free account →

📰 Recent News

IREN (IREN), BE Networks Partner to Simulate NVIDIA Blackwell GPU Infrastructure Insider Monkey · Jul 12

Bernstein Reiterates Buy Rating on Iren Limited (IREN) Insider Monkey · Jul 10

IREN (IREN) Adds C Suite Leaders, Is The Valuation Upside Already Priced In? Simply Wall St. · Jul 09

📋 What This Means for IREN Shareholders

IREN Limited (IREN) has a DilutionScore of 37/100, rated Medium dilution risk. This tier indicates some dilution exposure — often an older shelf registration with remaining capacity, warrants not yet exercised, or a cash position that will require monitoring over the next several quarters. Score as of July 13, 2026.

IREN has an active ATM (at-the-market) program with $6.00B remaining capacity. ATM programs allow companies to sell shares continuously into the open market through a broker-dealer — without announcing a secondary offering. This creates a silent but steady source of share dilution that shows up in quarterly share count increases rather than a discrete offering event.

DilutionWatch tracks over 25 SEC filing types for IREN in real-time, scanning EDGAR every 60 seconds. The DilutionWatch screener shows real-time score changes for IREN alongside comparable medium-risk stocks. Not financial advice — this analysis is for informational purposes only.

How ATM Offerings Work →