Iris Energy ( (IREN) ) just unveiled an announcement.
On March 20, 2025, IREN Limited announced a restatement of its financial statements for fiscal years 2022, 2023, and 2024, as well as interim periods in 2024, to reclassify proceeds from Bitcoin sales as cash flows from investing activities, aligning with IAS 7.16(b). This restatement, prompted by an SEC review, does not affect the company’s operational performance or financial results for the periods in question. IREN plans to report under U.S. GAAP in 2025, classifying Bitcoin sales proceeds as operating cash flows, reflecting its transition to U.S. domestic filer status.
More about Iris Energy
IREN Limited is a company operating in the cryptocurrency industry, primarily focusing on Bitcoin mining. The company is involved in the development and operation of data centers and aims to expand into high-performance computing solutions, including AI cloud services and potential colocation services.
YTD Price Performance: -31.17%
Average Trading Volume: 15,239,293
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.44B
Learn more about IREN stock on TipRanks’ Stock Analysis page.