{"id":51807,"date":"2021-10-26T18:08:29","date_gmt":"2021-10-26T15:08:29","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=51807"},"modified":"2025-09-03T01:44:16","modified_gmt":"2025-09-02T22:44:16","slug":"australian-crypto-miner-iris-energy-plans-ipo-to-raise-100-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/australian-crypto-miner-iris-energy-plans-ipo-to-raise-100-million\/","title":{"rendered":"Australian crypto miner Iris Energy plans IPO to raise $100 million"},"content":{"rendered":"<p>Australian bitcoin mining company Iris Energy<a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/0001878848\/000114036121035328\/ny20000275x5_f1.htm#tUOP\"> filed<\/a> with the <span data-descr=\"US Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> for an initial public offering (IPO) on Form F-1.<\/p>\n<p>Such a filing type is required for foreign issuers. According to the document, Iris Energy plans to list on Nasdaq under ticker IREN and raise $100 million.<\/p>\n<p>The bookrunners for the offering are JPMorgan, Canaccord Genuity, Citigroup, Macquarie Capital and Cowen.<\/p>\n<p>The company focuses on Bitcoin mining using green energy. Iris Energy operates a 30 MW data centre in Canada powered by renewables, including hydroelectric plants.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe have been mining bitcoins since 2019. We liquidate all mined coins, so as of September 30, 2021 there were no BTC on our balance sheet,\u201d the prospectus states.<\/p>\n<\/blockquote>\n<p>Iris Energy plans to use the net proceeds from the IPO to increase working capital, expand equipment and mining capacity.<\/p>\n<p>In May Iris Energy abandoned a plan to go public via a SPAC, under which it aimed to raise $300\u2013$500 million. Instead, management <a href=\"https:\/\/forklog.com\/en\/news\/green-energy-bitcoin-miner-iris-energy-to-raise-200-million-ahead-of-nasdaq-listing\">focused<\/a> on raising $200 million of venture capital.<\/p>\n<p>In August, Iris Energy <a href=\"https:\/\/forklog.com\/en\/news\/iris-energy-applies-for-direct-listing-on-nasdaq\">filed<\/a> with the SEC for a direct listing of its shares on Nasdaq.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australian bitcoin mining company Iris Energy filed with the SEC for an initial public offering (IPO) on Form F-1. This type of filing is required for foreign issuers. According to the document, Iris Energy plans to list on Nasdaq under ticker IREN and raise $100 million. The bookrunners for the offering are JPMorgan, Canaccord Genuity, Citigroup, Macquarie Capital and Cowen.<\/p>\n","protected":false},"author":1,"featured_media":51808,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1639,768,1211],"class_list":["post-51807","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-iris-energy","tag-nasdaq","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/51807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=51807"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/51807\/revisions"}],"predecessor-version":[{"id":51809,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/51807\/revisions\/51809"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/51808"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=51807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=51807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=51807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}