[Form 3] IREN Limited Initial Statement of Beneficial Ownership

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider ALFRED MICHAEL

Role Director

Type	Security	Shares	Price	Value
holding	Stock Options (Right to Buy)	--	--	--
holding	Ordinary Shares	--	--	--
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Stock Options (Right to Buy) — 14,266 shares (Direct); Ordinary Shares — 81,781 shares (Direct); Ordinary Shares — 750,461 shares (Indirect, By Alpine Fox LP)

Footnotes (1)

1. Includes ordinary shares of IREN Limited (each, an "Ordinary Share") and outstanding restricted stock units that will vest subject to the Reporting Person's satisfaction of applicable vesting conditions. Represents Ordinary Shares held through Alpine Fox LP, over which the Reporting Person has control. The Reporting Person disclaims beneficial ownership of the Ordinary Shares except to the extent of his pecuniary interest therein. Represents an option to purchase Ordinary Shares (each, an "Option"). 4,755 of the Options are fully vested and exercisable and 4,756 Options will vest on October 22, 2025 and 4,755 Options will vest on October 22, 2026.

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

ALFRED MICHAEL

(Last) (First) (Middle)

C/O IREN LIMITED

LEVEL 6, 55 MARKET STREET

(Street)

SYDNEY C3 2000

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/01/2025

3. Issuer Name and Ticker or Trading Symbol
IREN Ltd [ IREN ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares	81,781(1)	D
Ordinary Shares	750,461	I	By Alpine Fox LP(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options (Right to Buy)	(3)	10/22/2031	Ordinary Shares	14,266	$36.45	D

Explanation of Responses:

1. Includes ordinary shares of IREN Limited (each, an "Ordinary Share") and outstanding restricted stock units that will vest subject to the Reporting Person's satisfaction of applicable vesting conditions.

2. Represents Ordinary Shares held through Alpine Fox LP, over which the Reporting Person has control. The Reporting Person disclaims beneficial ownership of the Ordinary Shares except to the extent of his pecuniary interest therein.

3. Represents an option to purchase Ordinary Shares (each, an "Option"). 4,755 of the Options are fully vested and exercisable and 4,756 Options will vest on October 22, 2025 and 4,755 Options will vest on October 22, 2026.

	/s/ Cesilia Kim, attorney-in-fact for Michael Alfred	07/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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