Restatement of FY2022-FY2024 and FY25 interim financial statements
Company: IREN
The claim, verbatim
Following the SEC's review of IREN's FY2024 Form 20-F, the Board, on the Audit and Risk Committee's recommendation, concluded that consolidated financial statements for FY2022, FY2023 and FY2024, and interim statements for Q1 FY25 and the three and six months ended December 31, 2024, should be restated. The restatement classifies proceeds from sales of mined Bitcoin as investing rather than operating cash flows under IAS 7.16(b).
Source (primary)
iren 8-K exhibit (pressreleaserestatemento.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-18)Live source ↗
Quote: “the Board of Directors of the Company concluded that its previously issued consolidated financial statements for the fiscal years ended June 30, 2024, 2023 and 2022, as well as the unaudited interim condensed consolidated financial statements for the three months ended September 30, 2024 and the three and six months ended December 31, 2024 (together, the "Restatement Periods") should be amended and restated to classify proceeds from sales of Bitcoin mined as cash flows from investing activities in accordance with IAS 7.16(b)”
How we checked this
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Additional evidence
confirms iren 8-K exhibit (pressreleaserestatemento.htm)
Quote: “the Board of Directors of the Company concluded that its previously issued consolidated financial statements for the fiscal years ended June 30, 2024, 2023 and 2022, as well as the unaudited interim condensed consolidated financial statements for the three months ended September 30, 2024 and the three and six months ended December 31, 2024 (together, the "Restatement Periods") should be amended and restated to classify proceeds from sales of Bitcoin mined as cash flows from investing activities in accordance with IAS 7.16(b)”