Bitcoin Miner Iris Energy Aims to Raise $200M in Funding Before Nasdaq Listing: Report
The company has been meeting prospective investors and is working with an adviser on the round, Bloomberg reported.
Jul 19, 2021 at 3:32 p.m. UTCUpdated Aug 21, 2021 at 6:45 p.m. UTC
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- Iris Energy, which is based in Sydney and emphasizes its use of renewable energy, has been meeting prospective investors and is working with an adviser on the round, Bloomberg said, citing a person familiar with the matter.
- The money raised will be used to help the firm prepare for its Nasdaq listing as soon as this year, Bloomberg said. Discussions are ongoing and the plans are not final, however, according to Bloomberg's source.
- In March, it emerged that Iris was increasing from $15.5 million to $31 million the amount it was looking to raise ahead of its expected initial public offering. Bloomberg reports the company ultimately raised $81.3 million in that round.
- Iris Energy had not responded to an emailed request for comment by press time.
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