{"id":59323,"date":"2022-03-29T09:44:42","date_gmt":"2022-03-29T06:44:42","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=59323"},"modified":"2025-09-04T21:16:53","modified_gmt":"2025-09-04T18:16:53","slug":"iris-energy-secures-71-million-in-debt-financing-to-buy-new-bitcoin-miners","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/iris-energy-secures-71-million-in-debt-financing-to-buy-new-bitcoin-miners\/","title":{"rendered":"Iris Energy secures $71 million in debt financing to buy new Bitcoin miners"},"content":{"rendered":"<p>Australian company Iris Energy has secured US$71 million of debt financing to purchase new mining equipment.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24IREN&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$IREN<\/a> closes US$71m equipment financing with <a href=\"https:\/\/twitter.com\/NYDIG_BTC?ref_src=twsrc%5Etfw\">@NYDIG_BTC<\/a><br \/>\u2014 US$71m limited recourse facility<br \/>\u2014 3rd facility with <a href=\"https:\/\/twitter.com\/NYDIG_BTC?ref_src=twsrc%5Etfw\">@NYDIG_BTC<\/a><br \/>\u2014 Secured by 19.8k <a href=\"https:\/\/twitter.com\/BITMAINtech?ref_src=twsrc%5Etfw\">@BITMAINtech<\/a> S19j Pro (1.98 EH\/s)<br \/>\u2014 ~10 EH\/s of <a href=\"https:\/\/twitter.com\/search?q=%24IREN&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$IREN<\/a> miners remain unencumbered<br \/>\u2014 Substantial flexibility for further non-dilutive funding<\/p>\n<p>\u2014 Iris Energy (@irisenergyco) <a href=\"https:\/\/twitter.com\/irisenergyco\/status\/1508419050942402569?ref_src=twsrc%5Etfw\">March 28, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Signing a partnership with NYDIG&#8217;s unit, the company used 19,800 Bitmain S19j Pro miners as collateral for a 25-month loan at an 11% rate.<\/p>\n<p>According to information filed with the SEC <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1878848\/000114036122011289\/brhc10035767_ex99-1.htm\">information<\/a>, Iris Energy&#8217;s total financing raised amounted to $500 million.<\/p>\n<p>The mining company <a href=\"https:\/\/forklog.com\/en\/news\/opinion-bitcoin-to-overcome-concerns-about-the-environmental-impact-of-mining\">oriented<\/a> toward renewable energy. Iris Energy <a href=\"https:\/\/finance.yahoo.com\/quote\/IREN\/\">are traded<\/a> on the Nasdaq stock market under the ticker IREN.<\/p>\n<p>Earlier in January, <a href=\"https:\/\/forklog.com\/en\/news\/iris-energy-to-secure-600-mw-texas-mining-capacity\">Iris Energy \u0437\u0430\u043a\u043b\u044e\u0447\u0438\u043b\u0430 \u0441\u043e\u0433\u043b\u0430\u0448\u0435\u043d\u0438\u0435 \u0441 AEP Texas<\/a> to connect a 600 MW Bitcoin mining data center to the Texas grid.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Iris Energy secured $71 million in debt financing to purchase new mining equipment.<\/p>\n","protected":false},"author":1,"featured_media":59324,"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":[1137,1639],"class_list":["post-59323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-iris-energy"],"aioseo_notices":[],"amp_enabled":true,"views":"37","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/59323","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=59323"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/59323\/revisions"}],"predecessor-version":[{"id":59325,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/59323\/revisions\/59325"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/59324"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=59323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=59323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=59323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}