Australian Bitcoin Miner Iris Energy Files for $100M IPO

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