Report: Iris Energy Seeking $200 Million Ahead Of Nasdaq Listing
Sustainable bitcoin miner Iris Energy is reportedly seeking a $200 million fundraising round to aid its plans for listing on the Nasdaq.According to Bloomberg, bitcoin mining company Iris Energy is planning a $200 million fundraising round before seeking a direct listing on the Nasdaq.The Australian company has reportedly met with prospective investors and is working with an adviser on the round. The proceeds would reportedly help Iris prepare for the Nasdaq listing, which it plans to realize this year.In May, the company’s executive director and cofounder Daniel Roberts said that Iris was....
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Sydney-based Iris Energy is reportedly prepping for the United States' tech-focused exchange with new fundraising. Iris Energy, a Sydney-based Bitcoin (BTC) mining firm that invests in data centers powered by renewable energy sources, reportedly plans to raise new funds ahead of the expected Nasdaq listing.Bloomberg reported that the new fundraising round is looking to raise roughly $200 million to prepare for the United States exchange listing. Iris Energy has already met with prospective investors and plans to go for the Nasdaq listing before the end of the year.The report calls up....
Iris Energy’s filing suggested the company planned to use proceeds from the sale to fund growth initiatives including purchasing mining hardware and developing data centers. Australia-based crypto mining firm Iris Energy has signed a deal with B. Riley giving the capital market company the option to purchase up to 25 million of its shares.According to a Friday filing with the United States Securities and Exchange Commission, Iris Energy inked an agreement with B. Riley Principal Capital II related to the “potential offer and sale” of up to 25 million of the Bitcoin (BTC) mining firm’s....
Daniel Roberts, Iris Energy co-founder, said the firm had energized the facility on time “despite the current market backdrop and ongoing international supply chain challenges.” Australian Bitcoin miner Iris Energy said it had increased its hash rate to more than 2.3 exahashes per second following the completion of phase two of its operations in Mackenzie, Canada.In a Monday announcement, Iris Energy said it had brought 41 megawatts of operating capacity in the British Columbia municipality online roughly two months ahead of schedule, adding 1.5 EH/s to its existing hash rate. In addition,....
Iris Energy has upped its target for its second-IPO funding round. Iris Energy, an Australian firm that invests in Bitcoin (BTC) mining data centers powered by renewable energy sources, has doubled its second pre-initial public offering round.According to Bloomberg, a 13 million Australian dollar ($10 million) commitment from equity manager outfit Platinum Asset Management has seen Iris increase its second pre-IPO target to 40 million Australian dollars ($31 million) from the initial 20 million Australian dollars set earlier in mid-February.As reported by Financial Review back in December....
The company is facing a cash flow crisis due to tough market conditions. According to a new filing with the U.S. Securities and Exchange Commission on Monday, Bitcoin (BTC) miner Iris Energy says it has received a default notice from mining rig manufacturer Bitmain Technologies.The notice alleged that Iris Energy failed to "engage in good faith restructuring discussions" for certain principal payments due on Nov. 8. Additionally, Iris Energy received a separate notice last week from creditors alleging that it "failed to maintain sufficient insurance" and would constitute a default if not....