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IREN granted 18.2 million restricted shares to its co-CEO, with a total value of approximately $700 million.

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According to Blockspace, IREN, a publicly listed Bitcoin mining company, approved the granting of 9,099,328 restricted stock units (RSUs) each to co-CEOs William Roberts and Daniel Roberts, totaling 18,198,656 shares, valued at approximately $700 million based on the stock price at the time of announcement, accounting for about 5% of the outstanding shares. The incentive plan includes a six-year vesting and holding period, and requires that the two executives receive no other equity incentives before fiscal year 2031. The company's board stated that the move aims to ensure the co-CEOs' stability during the company's next phase of growth, balancing talent retention, alignment of interests, and corporate governance considerations. In the quarter ended December 31, 2025, IREN reported revenue of $184.7 million and a net loss of $155.4 million.
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0xTeaTime
· 2h ago
RSUs are a much more solid structure than options. At least when the stock price drops, they'll feel the pain too, which is far better than those plans with arbitrarily set strike prices.
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PunkRiskMgr
· 2h ago
6-year lock-up + no grants before 2031—this condition is ruthless. It essentially ties the CEO and the stock price together completely, and the short-term dumping/momentum to hit the price is directly reduced to zero.
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GateUser-14d03834
· 3h ago
$700 million in incentives for 5% of the circulating shares—IREN is basically using the two Roberts like nuclear-powered engines. It’s definitely rare for a mining company to play like this.
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TvlTeaTime
· 3h ago
Net loss of 155 million, yet they still issue such a large package. The board talks about retaining talent, but whether the market buys it is another matter. Before the market opens tomorrow, let's watch the short sellers perform first.
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