IREN Limited's Board of Directors approved the grant of 9,099,328 restricted stock units (RSUs) to each Co-Chief Executive Officer, William Roberts and Daniel Roberts. These grants are subject to a combined six-year vesting and holding period. No further equity incentive grants will be provided to the Co-CEOs until the Company's 2031 fiscal year. The grants were unanimously approved by independent directors and followed a review by an independent compensation consultant. The RSUs will vest in equal annual installments over four years, starting from the grant date (on or about July 1, 2026). An additional two-year post-vesting holding period is required for each tranche of RSUs, extending to fiscal year 2033 for the final tranche. The grants are intended to retain and incentivize the Co-CEOs for the company's next growth phase and strategic plan execution. The Equity Grants will be issued under the IREN Limited 2025 Omnibus Incentive Plan.