Iris Energy Investor Presentation — September 2022

Document content

FY22 and Q4 FY22 Results SEPTEMBER 2022 | NASDAQ: IRENBitcoin mining. Done Sustainably.

Forward- Looking Statements

This presentation includes “forward -looking statements” within themeaning ofthePrivate Securities

Litigation Reform Actof1995 .Forward -looking statements generally relate tofuture events orIrisEnergy’s

future financial oroperating performance .Forexample, forward -looking statements include butarenot

limited totheCompany’s business strategy, expected operational and financial results and expected

increase inpower capacity and hashrate. Insome cases, youcanidentify forward -looking statements by

terminology such as“anticipate,” “believe,” “may,” “can,” “should,” “could,” “might,” “plan,” “possible,”

“project,” “strive,” “budget,” “forecast,” “expect,” “intend,” “target,” “will,” “estimate,” “predict,” “potential,”

“continue,” “scheduled” orthenegatives ofthese terms orvariations ofthem orsimilar terminology, butthe

absence ofthese words does notmean that statement isnotforward -looking. Such forward -looking

statements aresubject torisks, uncertainties, andother factors which could cause actual results todiffer

materially from those expressed orimplied bysuch forward looking statements .Inaddition, any

statements orinformation thatrefer toexpectations, beliefs, plans, projections, objectives, performance or

other characterizations offuture events orcircumstances, including any underlying assumptions, are

These forward -looking statements arebased onmanagement’s current expectations and beliefs .These

statements areneither promises norguarantees, butinvolve known andunknown risks, uncertainties and

other important factors that may cause IrisEnergy’s actual results, performance orachievements tobe

materially different from any future results, performance orachievements expressed orimplied bythe

forward -looking statements, including, butnotlimited to:IrisEnergy’s limited operating history with

operating losses; electricity outage, limitation ofelectricity supply orincrease inelectricity costs; long term

outage orlimitation oftheinternet connection atIrisEnergy’s sites ;anycritical failure ofkeyelectrical or

data center equipment ;serial defects orunderperformance with respect toIrisEnergy’s equipment ;failure

ofsuppliers toperform under therelevant supply contracts forequipment thathasalready been procured

which may delay IrisEnergy’s expansion plans ;supply chain and logistics issues forIrisEnergy orIris

Energy’s suppliers ;cancellation orwithdrawal ofrequired operating and other permits and licenses ;