Australian Bitcoin Mining Firm Iris Energy Doubles Pre-IPO Fundraising Target
The Sydney-based data center provider now aims to raise investment of AUS$40 million (US$31 million).
The funding will go toward Vega's mainnet launch.
The publicly listed bitcoin mining firm is investing $10 million in Pluto Digital Assets' new fund.
The $170 million funding round highlights the explosive growth of crypto as an asset class – and the potential of the European market.
FalconX is among the "white glove" crypto startups eager to cater to an institutional base.
Galaxy Digital, NOIA Capital and Nomura Research Institute also joined the round, becoming strategic partners.