Australian Bitcoin Miner Iris Energy Files for $100M IPO

The company intends to list its shares on Nasdaq.

Oct 26, 2021 at 12:02 p.m. UTC
Updated Oct 26, 2021 at 2:37 p.m. UTC

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.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Tanzeel Akhtar is a CoinDesk news reporter based in Europe.