IREN Ltd 2026年季度报告

(Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December31, 2025orTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________ to ___________________Commission File Number: 001-41072________________________ IREN Limited (Exact name of registrant as specified in its charter)________________________ 2000(Zip Code) (Registrant’s telephone number, including area code)________________________ Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or forsuch shorter period that the registrant was required to file such reports); and (2) has been subject to such filing requirements for the past 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of thischapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See thedefinitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accountingstandards provided pursuant to Section 13(a) of the Exchange Act. As of January 30, 2026, the registrant had 332,280,383 of its Ordinary shares outstanding. TABLE OF CONTENTS CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q (this “Quarterly Report”) contains forward-looking statements within the meaning of Section27A of the Securities Act of 1933, as amended (“Securities Act”), and Section 21E of the Securities Exchange Act of 1934, asamended(“Exchange Act”),that involve substantial risks and uncertainties.Forward-looking statements include informationconcerning possible or assumed future results of operations, including descriptions of our business plan and strategies and trends weexpect to affect our business. These statements often include words such as “anticipate,” “expect,” “suggest,” “plan,” “believe,”“intend,” “estimate,” “target,” “project,” “should,” “potential,” “could,” “would,” “may,” “will,” “forecast,” and other similarexpressions. Forward-looking statements may also be made, verbally or in writing, by members of our Board or management team inconnection with this Quarterly Report. Such statements are subject to the same limitations, uncertainties, assumptions and disclaimersset out in this document. We base these forward-looking statements or projections on our current expectations, plans and assumptionsthat we have made in light of our experience in the industry, as well as our perceptions of historical trends, current conditions,expected future developments and other factors we believe are appropriate under the circumstances and at such time. The forward-looking statements are subject to and involve risks, uncertainties and assumptions and you should not place undue reliance on theseforward-looking statements. Although we believe that these forward-looking statements are based on reasonable assumptions at thetime they are made, you should be aware that many factors could affect our actual financial results or results of operations, and couldcause actual results to differ materially from those expressed in the forward-looking statements. Factors that may materially affect suchforward-looking statements include, but are not limited to: •Bitcoin price and foreign currency exchange rate fluctuations;•our ability to obtain additional capital on commercially reasonable terms and in a timely manner to meet our capital needs andfacilitate our expansion plans;•the terms of any future financing or any refinancing, restructuring or modification to the terms of any existing or futurefinancing, which could require us to comply with onerous covenants, restrictions or guarantees, and our ability to service ourdebt obligations;•our ability to successfully execute on our growth strategies and operating plans, including our ability to continue to developour existing data center sites, design and deploy direct-to-chip liquid cooling systems, and diversify and expand into themarket for high-performance computing (“HPC”) solutions (including the market for AI Cloud Services and potentialcolocation services such as powered shell, build-to-suit and turnkey data centers (“Colocat