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Finance

Australian Bitcoin Miner Iris Energy Files for $100M IPO

The company intends to list its shares on Nasdaq.

By Tanzeel Akhtar
AccessTimeIconOct 26, 2021 at 12:02 p.m. UTC
Updated May 11, 2023 at 4:04 p.m. UTC
Crypto mining machines (Christinne Muschi/Bloomberg via Getty Images)
Crypto mining machines (Christinne Muschi/Bloomberg via Getty Images)

Australian bitcoin mining company Iris Energy filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) to raise up to $100 million.

  • The Sydney-based company said on Monday that it intends to list its ordinary shares on Nasdaq under the ticker symbol “IREN.”
  • The shares are expected to start trading later this year.
  • J.P. Morgan, Canaccord Genuity, Citigroup, Macquarie Capital and Cowen are joint bookrunners for the deal.
  • The pricing terms remain undisclosed.
  • In July, Bloomberg reported that Iris Energy was looking to raise $200 million in a new funding round before it seeks a direct listing on Nasdaq.
  • Iris Energy has emphasized its use of renewable energy for crypto mining. It has been meeting prospective investors and is working with an adviser.
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    • Read more: Bitcoin Miner Iris Energy Aims to Raise $200M in Funding Before Nasdaq Listing: Report

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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Tanzeel Akhtar
    Tanzeel Akhtar

    Tanzeel Akhtar is a reporter based in London,UK.

    Follow @Tanzeel_Akhtar on Twitter