SYDNEY, Australia, Could 16, 2022 (GLOBE NEWSWIRE) — Iris Power Restricted ( IREN) (“Iris Power” or “the Firm”), a number one sustainable Bitcoin miner which is constructing an institutional- grade infrastructure platform with 15 EH/s of working and contracted miners (10 EH/s anticipated to be operational by early 2023), at this time introduced that Ms Belinda Nucifora has been appointed as Chief Monetary Officer (CFO), commencing at this time.

Ms Nucifora is a Chartered Accountant and is an skilled CFO, having labored in each ASX-listed and personal firms. She has deep expertise in monetary and strategic enterprise management, together with monetary management of profitable development firms each organically and thru M&A exercise.

Ms Nucifora holds a Bachelor of Commerce diploma and a Bachelor of Economics diploma from the College of Queensland, Brisbane, Australia, and is a Graduate of the Australian Institute of Firm Administrators.

Iris Power’s President, Lindsay Ward, mentioned: “On behalf of myself, the Board, and the senior management crew, we’re delighted to have Belinda start within the position of Chief Monetary Officer, and we consider her expertise, expertise and management might be of nice worth to the Firm and can help Iris Power to ship our hashrate development targets.”

Ms Anne Hayes, who joined Iris Power in an interim capability as Vice President – Finance, will go away the Firm after a interval of transition. The Board thanks Ms Hayes for her appreciable contribution over the previous few months whereas a radical govt search was undertaken for Iris Power’s inaugural CFO as a listed firm.

About Iris Power

Iris Power is a sustainable Bitcoin mining firm that helps native communities, in addition to the decarbonization of vitality markets and the worldwide Bitcoin community.

  • Focus on low-cost renewables: Iris Power targets markets with low-cost, extra and/or under- utilized renewable vitality, and the place the Firm can assist native communities
  • Lengthy-term safety over infrastructure, land and energy provide: Iris Power builds, owns and operates its electrical infrastructure and proprietary knowledge facilities, offering long-term safety and operational management over its property
  • Seasoned administration crew: Iris Power’s crew has a powerful observe file of success throughout vitality, infrastructure, renewables, finance, digital property and knowledge facilities

Ahead-Trying Statements

This press launch consists of “forward-looking statements” throughout the that means of the Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements usually relate to future occasions or Iris Power’s future monetary or working efficiency. For instance, forward-looking statements embody however will not be restricted to the anticipated enhance within the Firm’s energy capability, the Firm’s marketing strategy, and the anticipated schedule for commencing and/or increasing operations on the Firm’s websites. In some circumstances, you’ll be able to determine forward-looking statements by terminology comparable to “anticipate,” “consider,” “could,” “can,” “ought to,” “may,” “would possibly,” “plan,” “doable,” “undertaking,” “attempt,” “price range,” “forecast,” “anticipate,” “intend,” “goal”, “will,” “estimate,” “predict,” “potential,” “proceed,” “scheduled” or the negatives of those phrases or variations of them or related terminology, however the absence of those phrases doesn’t imply that assertion is just not forward-looking. Such forward-looking statements are topic to dangers, uncertainties, and different elements which may trigger precise outcomes to vary materially from these expressed or implied by such ahead wanting statements. As well as, any statements or data that confer with expectations, beliefs, plans, projections, targets, efficiency or different characterizations of future occasions or circumstances, together with any underlying assumptions, are forward-looking.

These forward-looking statements are primarily based on administration’s present expectations and beliefs. These statements are neither guarantees nor ensures, however contain recognized and unknown dangers, uncertainties and different vital elements which will trigger Iris Power’s precise outcomes, efficiency or achievements to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements, together with, however not restricted to: Iris Power’s restricted working historical past with working losses; electrical energy outage, limitation of electrical energy provide or enhance in electrical energy prices; long run outage or limitation of the web connection at Iris Power’s websites; any important failure of key electrical or knowledge middle gear; serial defects or underperformance with respect to Iris Power’s gear; failure of suppliers to carry out below the related provide contracts for gear that has already been procured which can delay Iris Power’s growth plans; provide chain and logistics points for Iris Power or Iris Power’s suppliers; cancellation or withdrawal of required working and different permits and licenses; customary dangers in creating greenfield infrastructure tasks; Iris Power’s evolving enterprise mannequin and technique; Iris Power’s skill to efficiently handle its development; Iris Power’s skill to lift further capital; competitors; Bitcoin costs; dangers associated to well being pandemics together with these of COVID-19; modifications in regulation of digital property; and different vital elements mentioned below the caption “Danger Components” in Iris Power’s last prospectus filed pursuant to Rule 424(b)(4) with the SEC on November 18, 2021 , as such elements could also be up to date now and again in its different filings with the SEC, accessible on the SEC’s web site at www.sec.gov and the Investor Relations part of Iris Power’s web site at https://buyers.irisenergy.co.

These and different vital elements may trigger precise outcomes to vary materially from these indicated by the forward-looking statements made on this press launch. Any forward-looking assertion that Iris Power makes on this press launch speaks solely as of the date of such assertion. Besides as required by regulation, Iris Power disclaims any obligation to replace or revise, or to publicly announce any replace or revision to, any of the forward-looking statements, whether or not because of new data, future occasions or in any other case.

Contacts

Media
Jon Snowball
Domestique
+61 477 946 068

Traders
Kane Doyle
Iris Power
+61 422 013 860
[email protected]

To maintain up to date on Iris Power’s information releases and SEC filings, please subscribe to electronic mail alerts at https://buyers.irisenergy.co/ir-resources/email-alerts.

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