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Australian Bitcoin Miner Iris Energy Files for $100M IPO
The company intends to list its shares on Nasdaq.
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.
Read more: Bitcoin Miner Iris Energy Aims to Raise $200M in Funding Before Nasdaq Listing: Report
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Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
