Australian Bitcoin Miner Iris Energy Files for $100M Nasdaq 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 the Nasdaq Market 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 is looking to raise $200 million in a new funding round before it seeks a direct listing on the Nasdaq.Iris Energy emphasized its use of renewable energy for mining, and 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

Share your thoughts