Reported 3Q FY24 results Record revenue, adjusted EBITDA and operating cashflow $322m cash, no debt1 Watch the webcast replay here Partnered with the District of Mackenzie to bring high speed fibre-optic connectivity to Mackenzie Enhances connectivity for residents Provides dual redundancy to data center Key Highlights AI Cloud Services 816 NVIDIA H100 GPUs Currently servicing Poolside AI and on-demand customers Corporate | --- | --- | --- | --- | |-------------------------------------|--------|--------|--- ...

Achieved record revenue, Adjusted EBITDA and operating cashflow $47.9 million operating cash inflow in FY24 YTD Quarterly NPAT of $8.6 million Expansion to 30 EH/s in 2024 SYDNEY, Australia, May 15, 2024 (GLOBE NEWSWIRE) -- IREN (Iris Energy Limited) (NASDAQ:IREN) (together with its subsidiaries, "IREN" or "the Company"), a leading next-generation data center business powering the future of Bitcoin, AI and beyond, today reported its financial results for the three-months and nine-months ended March 31, 2024 ...

SYDNEY, Australia, May 15, 2024 (GLOBE NEWSWIRE) -- IREN (Iris Energy Limited) (NASDAQ:IREN) (together with its subsidiaries, "IREN" or "the Company"), a leading next-generation data center business powering the future of Bitcoin, AI and beyond, today provided a business update. Key Highlights 2024 expansion plans increased to 30 EH/s The Company's previously announced 2024 expansion plan to 20 EH/s has been increased to 30 EH/s. This accelerated growth is enabled through amended and new agreements with Bit ...

Iris Energy Limited (IREN) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Indiv ...

SYDNEY, Australia, April 29, 2024 (GLOBE NEWSWIRE) -- IREN (Iris Energy Limited) (NASDAQ:IREN) (together with its subsidiaries, "IREN" or "the Company"), a leading next-generation data center business powering the future of Bitcoin, AI and beyond, today provided a business update. IREN is pleased to announce that its expansion is ahead of schedule and operating hashrate has increased to 9 EH/s. The Company now also expects to achieve 10 EH/s in May 2024. IREN's fully funded expansion to 20 EH/s in 2024 rema ...

SYDNEY, Australia, April 08, 2024 (GLOBE NEWSWIRE) -- IREN (Iris Energy Limited) (NASDAQ:IREN) (together with its subsidiaries, "IREN" or "the Company"), a leading next-generation data center business powering the future of Bitcoin, AI and beyond, today provided a business update. Key Highlights Previously announced 3-month AI cloud services agreement with leading AI company, poolsideAgreement is now upsized from 248 to 504 NVIDIA H100 GPUs following successful initial deploymentAdditional 4-month term comm ...

Summary of Iris Energy Investor Update Conference Call Company Overview - **Company**: Iris Energy (IREN) - **Industry**: Bitcoin Mining and Data Centers Key Points Current Operations and Expansion - Iris Energy currently operates **180 megawatts** of next-generation data centers, with an additional **80 megawatts** expected to come online in January 2024, primarily for Bitcoin mining [6][12] - The company aims to increase its operating capacity from **5.6 exahash** to approximately **10 exahash** around the Bitcoin halving event in April 2024 [6][7] - The expansion at the Childress site in Texas has demonstrated competitive power pricing, which is expected to improve further with the new capacity [7][11] Financial Position - As of October 31, 2023, Iris Energy holds **$71 million** in cash and has no debt on its balance sheet [39] - The company reported **$34.5 million** in total mining revenue for the period from July to September 2023, with associated electricity costs of approximately **$60.3 million**, resulting in a net contribution of **$18.2 million** [40] Development Activities - Iris Energy has secured a **1,400 megawatt** site in West Texas, with plans for various data center computing applications, targeting a late **2026** service date [9][10] - The total portfolio now includes **2,160 megawatts** either operating or under late-stage development [9] Bitcoin Mining Strategy - The company is focused on expanding its Bitcoin mining operations, with a significant emphasis on cost efficiency and power management [11][12] - The purchase of **1.4 exahash** of latest generation Bitmain miners is expected to enhance operational efficiency [14][38] - The company is exploring cloud and colocation strategies, which involve non-Bitcoin mining applications, particularly for generative AI and other high-performance computing needs [19][31] Market Dynamics and Future Outlook - The management believes in the long-term growth potential of Bitcoin and the demand for power-dense computing, driven by trends such as generative AI [20][63] - The company is positioned to leverage its infrastructure for various computing applications beyond Bitcoin mining, including machine learning and genomics [93] - The upcoming Bitcoin halving and ETF discussions are seen as potential catalysts for market demand [92] Operational Efficiency - Iris Energy employs an automated technology solution to manage electricity costs by curtailing mining production during high energy price periods, optimizing overall power expenses [41][74] - The company has designed its data centers for high efficiency, with a focus on low-cost renewable energy sources [25][24] Partnerships and Collaborations - Iris Energy is in discussions with various suppliers and system integrators to explore partnerships for GPU and AI chip supply [87] - The company has a history of strategic partnerships, including an MOU with Dell for power-dense computing applications [21][22] Challenges and Considerations - The management acknowledges the uncertainty in the macroeconomic environment and the need for careful capital allocation in hardware procurement [57][58] - The company is assessing the demand for high-performance computing and the potential for additional data center capacity based on market conditions [78] Conclusion Iris Energy is strategically positioned in the Bitcoin mining and data center industry, with a robust expansion plan and a focus on operational efficiency. The company is exploring new revenue streams through cloud and colocation services while maintaining a strong financial position. The upcoming Bitcoin halving and the growing demand for power-dense computing applications present significant opportunities for growth.

Exhibit 99.1 Iris Energy Limited Consolidated Annual Financial Report - 30 June 2023 I r i s E n e r g y L i m i t e d 3 0 J u n e 2 0 2 3 | D | i | r | e | c | t | o | r | s | ' | r | e | p | o | r | t | 3 | C | o | n | s | o | l | i | d | a | t | e | d | s | t | a | t | e | m | e | n | t | s | o | f | p | r | o | fi | t | o | r | l | o | s | s | a | n | d | o | t | h | e | r | c | o | m | p | r | e | h | e | n | s | i | v | e | i | n | c | o | m | e | 8 | | | | --- | --- | --- | --- | --- | --- | --- | -- ...

Exhibit 99.1 Iris Energy Reports Full Year FY23 Results SYDNEY, AUSTRALIA, September 13, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (together with its subsidiaries, "Iris Energy" or "the Company"), a leading owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy, today reported its financial results for the full year ended June 30, 2023. All $ amounts are in United States Dollars ("USD") unless otherwise stated. "FY23 was a t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 D ...