Bitcoin miner IREN grants co-CEOs $700M in RSUs representing 5% of outstanding shares with six-year vesting.
Macro & Markets ·
Nasdaq-listed IREN has granted its co-CEOs William Roberts and Daniel Roberts 9,099,328 restricted stock units each, collectively valued at approximately $700 million and representing about 5% of outstanding shares. The awards carry a six-year vesting and holding structure, with both executives ineligible for additional equity grants prior to FY2031, according to the company's announcement.
The grants arrive as IREN, a Bitcoin miner, reported $184.7 million in revenue and a net loss of $155.4 million for the quarter ended December 31, 2025. The scale of the RSU awards underscores significant compensation commitment to the dual leadership at a time when the company is operating at a substantial loss.
The exact mechanics of how the vesting will be distributed across the six-year period remain unspecified in available disclosures, as does clarity on whether market conditions or performance metrics will influence the ultimate value realized by the executives upon vesting completion.