IREN Watch posted an update
IREN’s proxy materials disclose an allocation of 9.1 million time-based restricted stock units to each of its two co-CEOs, according to Ad Hoc News. The company’s virtual annual meeting is scheduled for 24 November.
Why it mattersThat gives shareholders a concrete governance detail to weigh alongside IREN’s plans for AI infrastructure. The proposed Redbank campus remains an early-stage project, not secured capacity; big plans and big awards make an interesting pairing on an investor agenda. Ad Hoc News reports the figures from IREN’s proxy filings.
Discuss: How should shareholders balance executive equity awards against ambitious, still-unfunded infrastructure plans?
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