IREN Restatement of Previously Issued Financial Statements

Core Viewpoint - IREN Limited announced the need to amend and restate its consolidated financial statements for the fiscal years ended June 30, 2024, 2023, and 2022, due to a reclassification of Bitcoin mining proceeds from operating to investing activities in accordance with IAS 7.16(b) [1] Financial Restatement - The restatement affects the classification of cash flows from Bitcoin mining, which were previously classified as operating activities [2] - The restatements do not impact the Company's consolidated statements of profit or loss, financial position, changes in equity, or cash equivalents for the periods being restated [3] - IREN plans to classify Bitcoin mining proceeds as operating activities under U.S. GAAP once it transitions to U.S. domestic filer status in 2025 [4] Regulatory Filings - Detailed summaries of the restatements are available in the Company's Form 20-F/A for the year ended June 30, 2024, and Form 6-K/A for Q1 and Q2 FY25 interim results [5]