<SEC-DOCUMENT>0001140361-22-028560.txt : 20220808
<SEC-HEADER>0001140361-22-028560.hdr.sgml : 20220808
<ACCEPTANCE-DATETIME>20220808074312
ACCESSION NUMBER:		0001140361-22-028560
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20220808
FILED AS OF DATE:		20220808
DATE AS OF CHANGE:		20220808

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Iris Energy Ltd
		CENTRAL INDEX KEY:			0001878848
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			C3
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41072
		FILM NUMBER:		221142587

	BUSINESS ADDRESS:	
		STREET 1:		LEVEL 12, 44 MARKET STREET
		CITY:			SYDNEY
		STATE:			C3
		ZIP:			NSW 2000
		BUSINESS PHONE:		212-906-1200

	MAIL ADDRESS:	
		STREET 1:		LEVEL 12, 44 MARKET STREET
		CITY:			SYDNEY
		STATE:			C3
		ZIP:			NSW 2000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Iris Energy Pty Ltd
		DATE OF NAME CHANGE:	20210817
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>brhc10040538_6k.htm
<DESCRIPTION>6-K
<TEXT>
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    <div>
      <div style="text-align: center; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
      <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
      <div>&#160;</div>
      <div style="text-align: center; font-size: 18pt; font-weight: bold;">FORM 6-K</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER</div>
      <div style="text-align: center; font-weight: bold;">PURSUANT TO SECTION 13A-16 OR 15D-16</div>
      <div style="text-align: center; font-weight: bold;">UNDER THE SECURITIES EXCHANGE ACT OF 1934</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">For the month of August 2022</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">Commission File Number: 001-41072</div>
      <div>&#160;</div>
      <div style="text-align: center; font-size: 24pt; font-weight: bold;">Iris Energy Limited</div>
      <div style="text-align: center; font-weight: bold;">(Translation of registrant&#8217;s name into English)</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">Level 12, 44 Market Street</div>
      <div style="text-align: center; font-weight: bold;">Sydney, NSW 2000 Australia</div>
      <div style="text-align: center; font-weight: bold;">+61 2 7906 8301</div>
      <div style="text-align: center; font-weight: bold;">(Address of principal executive office)</div>
      <div>&#160;</div>
      <div>Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
      <div>&#160;</div>
      <div style="text-align: center;">Form 20-F &#9746; Form 40-F &#9744;</div>
      <div>&#160;</div>
      <div>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): &#9744;</div>
      <div>&#160;</div>
      <div>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): &#9744;</div>
      <div> <br>
      </div>
      <div>
        <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
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      <div style="text-align: center; font-weight: bold;">EXPLANATORY NOTE</div>
      <div>&#160;</div>
      <div style="text-align: justify;">On August 8, 2022, Iris Energy Limited (the &#8220;Company&#8221;) issued a press release, a copy of which is furnished as Exhibit 99.1 to this Report on Form 6-K, announcing it has approximately doubled its operating capacity
        to exceed 2.3 EH/s.</div>
      <div style="text-align: justify;"> <br>
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      <div style="text-align: center; font-weight: bold;">EXHIBIT INDEX</div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zcec75bb41af847a3883f59ac88a4a9b9">

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              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Exhibit</div>
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">No.</div>
            </td>
            <td style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 90.14%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Description</div>
            </td>
          </tr>
          <tr>
            <td style="width: 8%; vertical-align: middle;">&#160;</td>
            <td colspan="2" style="vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 8%; vertical-align: middle;">
              <div style="color: rgb(0, 0, 0);"><a href="brhc10040538_ex99-1.htm">99.1</a></div>
            </td>
            <td style="width: 2%; vertical-align: middle;">&#160;</td>
            <td style="width: 90.14%; vertical-align: middle;">
              <div>Press Release of Iris Energy Limited, dated August 8, 2022</div>
            </td>
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      <div><br>
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      <div style="text-align: center; font-weight: bold;">SIGNATURES</div>
      <div>&#160;</div>
      <div>Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</div>
      <div><br>
      </div>
      <div>
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              <td style="width: 50%;">
                <div style="text-align: left; color: rgb(0, 0, 0);">Date: August 8, 2022</div>
              </td>
              <td colspan="2" rowspan="1">
                <div style="text-align: left; color: rgb(0, 0, 0); font-weight: bold;">Iris Energy Limited</div>
              </td>
            </tr>
            <tr>
              <td rowspan="1" style="width: 50%;">&#160;</td>
              <td colspan="2" rowspan="1">&#160;</td>
            </tr>
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              <td style="width: 50%; padding-bottom: 2px;">
                <div>&#160;</div>
              </td>
              <td style="width: 3%; padding-bottom: 2px;">
                <div style="text-align: left; color: rgb(0, 0, 0);">By:</div>
              </td>
              <td style="width: 47%; border-bottom: 2px solid rgb(0, 0, 0);"> /s/ Daniel Roberts </td>
            </tr>
            <tr>
              <td rowspan="1" style="width: 50%;">&#160;</td>
              <td rowspan="1" style="width: 3%;">&#160;</td>
              <td rowspan="1" style="width: 47%;">
                <div style="text-align: left; color: rgb(0, 0, 0);">Daniel Roberts</div>
              </td>
            </tr>
            <tr>
              <td rowspan="1" style="width: 50%;">&#160;</td>
              <td rowspan="1" style="width: 3%;">&#160;</td>
              <td rowspan="1" style="width: 47%;">
                <div style="text-align: left; color: rgb(0, 0, 0);">Co-Chief Executive Officer and Director</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
        <br>
      </div>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>brhc10040538_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <div>
      <div style="font-weight: bold; text-align: right;">Exhibit 99.1<br>
      </div>
      <div><br>
      </div>
      <img src="image00001.jpg"></div>
    <div>
      <div style="text-align: center; font-weight: bold;">Iris Energy Doubles Operating Capacity to &gt;2.3 EH/s</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">Mackenzie (50MW) Commissioned Ahead of Schedule</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">Deployment Options Underway for 6.0 EH/s</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>SYDNEY, AUSTRALIA, August 8, 2022 (GLOBE NEWSWIRE) -- <u>Iris Energy Limited</u> (NASDAQ: <u>IREN</u>) (&#8220;Iris Energy&#8221; or &#8220;the Company&#8221;), a leading owner and operator of institutional-grade, highly efficient proprietary Bitcoin mining data
        centers powered by 100% renewable energy, today announced it has approximately doubled its operating capacity to exceed 2.3 EH/s.</div>
      <div>&#160;</div>
      <div>The Company recently energized the remainder of the first 1.5 EH/s (50MW) at its second operating site in Mackenzie, BC (Canada), which marks delivery of phase two of the project. Both initial phases have been commissioned ahead of schedule:</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z9c8fa027294d4469ae84c62bac4338f5">

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            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
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              <div>Phase one: 0.3 EH/s (9MW) &#8211; April 13, 2022 (original target end of Q2 2022)</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze446e116267f4b34a58a76b4bebecd23">

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            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Phase two: 1.2 EH/s (41MW) &#8211; August 5, 2022 (original target end of Q3 2022)</div>
            </td>
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      </table>
      <div>&#160;</div>
      <div>The Company&#8217;s next site, in Prince George, BC (Canada), also remains on track to be energized by the end of next month and is expected to add a further 1.4 EH/s (50MW), increasing the Company&#8217;s near-term operating capacity to 3.7 EH/s.</div>
      <div>&#160;</div>
      <div>In addition:</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zb45b8bba906a47868ffdb3970dedf2cc">

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            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The Company continues to work through deployment options for its remaining 2.3 EH/s of miners, including the recently announced 1.7 EH/s of Bitmain S19j Pro miners to be shipped in August 2022, increasing expected operating capacity to
                6.0 EH/s</div>
            </td>
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      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z6567ab8af54a4d05a5e6f89d18b23dd9">

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            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>$46.7 million of the previous $130 million of payments made to Bitmain have been applied to secure the additional 1.7 EH/s, and utilization of the remaining $83.3 million of payments in respect of additional contracted miners above the
                6.0 EH/s continue to be subject to ongoing discussions with Bitmain<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
            </td>
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      </table>
      <div>&#160;</div>
      <div>Iris Energy&#8217;s Co-Founder &amp; Co-CEO, Daniel Roberts, said:</div>
      <div>&#160;</div>
      <div>&#8220;The delivery of Mackenzie is another important milestone for the Company. We are particularly pleased to continue our track record of delivering projects on schedule, despite the current market backdrop and ongoing international supply chain
        challenges. We would like to thank the Mackenzie construction team for their ongoing hard work and dedication and to welcome a number of new local hires to the permanent operations team.&#8221;</div>
      <div>&#160;</div>
      <div style="font-weight: bold;">About Iris Energy</div>
      <div>&#160;</div>
      <div style="text-align: justify;">Iris Energy is a sustainable Bitcoin mining company that supports the decarbonization of energy markets and the global Bitcoin network.</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z1344a20e8e0f4b45ae209a7f8512c29b">

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            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><u>Focus on low-cost renewables</u>: Iris Energy targets markets with low-cost, excess and/or under-utilized renewable energy, and where the Company can support local communities</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf64add7b1cdb41c1ba49bd7cd5c72af3">

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            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><u>Long-term security over infrastructure, land and power supply</u>: Iris Energy builds, owns and operates its electrical infrastructure and proprietary data centers, providing long-term security and operational control over its assets</div>
            </td>
          </tr>

      </table>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

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              </td>
              <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><u>Seasoned management team</u>: Iris Energy&#8217;s team has an impressive track record of success across energy, infrastructure, renewables, finance, digital assets and data centers with cumulative experience in delivering &gt;$25bn in
                  energy and infrastructure projects globally</div>
              </td>
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        </table>
      </div>
      <br>
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      <div><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> The timing and volume of any additional future deliveries (i.e. beyond the 1.7 EH/s scheduled for shipment in August 2022) under the separate $400m hardware purchase contract for miners are subject to ongoing discussions with
        Bitmain. The Company has not made all recent payments under that contract and does not currently expect to make upcoming payments in respect of any such additional future deliveries under that contract. The Company can make no assurances as to the
        outcome of these discussions (including any impact on the Company&#8217;s expansion plans or payments made under that contract).</div>
      <div style="color: rgb(5, 27, 79);"> <br>
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      <div> <img src="image00001.jpg">
        <div><br>
        </div>
      </div>
      <div style="text-align: justify; font-weight: bold;">Forward-Looking Statements</div>
      <div>&#160;</div>
      <div style="text-align: justify;">This press release includes &#8220;forward-looking statements&#8221; within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or Iris Energy&#8217;s
        future financial or operating performance. For example, forward-looking statements include but are not limited to the expected increase in the Company&#8217;s power capacity and operating capacity, the Company&#8217;s business plan, the Company&#8217;s capital
        raising plans, the Company&#8217;s anticipated capital expenditures and additional borrowings, the impact of discussions with Bitmain regarding the Company&#8217;s hardware purchase contract for additional miners, and the expected schedule for hardware
        deliveries and for commencing and/or expanding operations at the Company&#8217;s sites. In some cases, you can identify forward-looking statements by terminology such as &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;may,&#8221; &#8220;can,&#8221; &#8220;should,&#8221; &#8220;could,&#8221; &#8220;might,&#8221; &#8220;plan,&#8221;
        &#8220;possible,&#8221; &#8220;project,&#8221; &#8220;strive,&#8221; &#8220;budget,&#8221; &#8220;forecast,&#8221; &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;target&#8221;, &#8220;will,&#8221; &#8220;estimate,&#8221; &#8220;predict,&#8221; &#8220;potential,&#8221; &#8220;continue,&#8221; &#8220;scheduled&#8221; or the negatives of these terms or variations of them or similar terminology, but the absence
        of these words does not mean that statement is not forward-looking. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such
        forward looking statements. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying
        assumptions, are forward-looking.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">These forward-looking statements are based on management&#8217;s current expectations and beliefs. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other
        important factors that may cause Iris Energy&#8217;s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not
        limited to: Iris Energy&#8217;s limited operating history with operating losses; electricity outage, limitation of electricity supply or increase in electricity costs; long term outage or limitation of the internet connection at Iris Energy&#8217;s sites; any
        critical failure of key electrical or data center equipment; serial defects or underperformance with respect to Iris Energy&#8217;s equipment; failure of suppliers to perform under the relevant supply contracts for equipment that has already been
        procured which may delay Iris Energy&#8217;s expansion plans; supply chain and logistics issues for Iris Energy or Iris Energy&#8217;s suppliers; cancellation or withdrawal of required operating and other permits and licenses; customary risks in developing
        greenfield infrastructure projects; Iris Energy&#8217;s evolving business model and strategy; Iris Energy&#8217;s ability to successfully manage its growth; Iris Energy&#8217;s ability to raise additional financing (whether because of the conditions of the markets,
        Iris Energy&#8217;s financial condition or otherwise) on a timely basis, or at all, which could adversely impact the Company&#8217;s ability to meet its capital commitments (including payments due under its hardware purchase contracts with Bitmain) and the
        Company&#8217;s growth plans; Iris Energy&#8217;s failure to make certain payments due under any one of its hardware purchase contracts with Bitmain on a timely basis could result in liquidated damages, claims for specific performance or other claims against
        Iris Energy, any of which could result in a loss of all or a portion of any prepayments or deposits made under the relevant contract or other liabilities in respect of the relevant contract, and could also result in Iris Energy not receiving
        certain discounts under the relevant contract or receiving the relevant hardware at all, any of which could adversely impact its business, operating expansion plans, financial condition, cash flows and results of operations; the terms of any
        additional financing, which could be less favorable or require Iris Energy to comply with more onerous covenants or restrictions, any of which could restrict its business operations and adversely impact its financial condition, cash flows and
        results of operations; competition; Bitcoin prices, which could adversely impact its financial condition, cash flows and results of operations, as well as its ability to raise additional financing; risks related to health pandemics including those
        of COVID-19; changes in regulation of digital assets; and other important factors discussed under the caption &#8220;Risk Factors&#8221; in Iris Energy&#8217;s final prospectus filed pursuant to Rule 424(b)(4) with the SEC on November 18, 2021, as such factors may
        be updated from time to time in its other filings with the SEC, accessible on the SEC&#8217;s website at <u>www.sec.gov</u> and the Investor Relations section of Iris Energy&#8217;s website at <u>https://investors.irisenergy.co.</u></div>
      <div style="text-align: justify;"><u> </u><br>
      </div>
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      <div style="text-align: justify;"> <img src="image00001.jpg">
        <div><br>
        </div>
      </div>
      <div style="text-align: justify;">These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statement that Iris Energy
        makes in this press release speaks only as of the date of such statement. Except as required by law, Iris Energy disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements,
        whether as a result of new information, future events or otherwise.</div>
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      <div style="font-weight: bold;">Media</div>
      <div>Jon Snowball</div>
      <div>Domestique</div>
      <div>+61 477 946 068</div>
      <div>&#160;</div>
      <div style="font-weight: bold;">Investors</div>
      <div>Bom Shin</div>
      <div>Iris Energy</div>
      <div>+61 411 376 332</div>
      <div><u>bom.shin@irisenergy.co</u></div>
      <div>&#160;</div>
      <div>To keep updated on Iris Energy&#8217;s news releases and SEC filings, please subscribe to email alerts at <u>https://investors.irisenergy.co/ir-resources/email-alerts.</u></div>
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