{"id":67616,"date":"2022-09-23T20:03:15","date_gmt":"2022-09-23T17:03:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=67616"},"modified":"2025-09-07T07:35:54","modified_gmt":"2025-09-07T04:35:54","slug":"iris-energy-to-raise-up-to-100-million-in-equity-capital","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/iris-energy-to-raise-up-to-100-million-in-equity-capital\/","title":{"rendered":"Iris Energy to raise up to $100 million in equity capital"},"content":{"rendered":"<p>The mining company Iris Energy has signed an agreement with investment bank B. Riley to sell shares to it for up to $100 million over two years. This is disclosed in the <a href=\\\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1878848\/000114036122034467\/ny20005141x1_f1.htm#tUOP\\\">documents<\/a> filed with the U.S. Securities and Exchange Commission.<\/p>\n<p>Iris Energy noted that it may use any proceeds to fund development initiatives, including equipment purchases and the construction of data centres, as well as general corporate purposes.<\/p>\n<p>As consideration for obligations under the agreement, the company issued 198,174 ordinary shares to B. Riley.<\/p>\n<p>The mining company&#8217;s securities fell after the news.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"708\\\" height=\\\"475\\\" src=\\\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2022-09-23-v-19.48.37.png\\\" alt=\\\"Iris Energy to raise up to $100 million in equity capital\\\" class=\\\"wp-image-185780\\\" srcset=\\\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2022-09-23-v-19.48.37.png 708w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2022-09-23-v-19.48.37-300x201.png 300w\\\" sizes=\\\"auto, (max-width: 708px) 100vw, 708px\\\" \/><figcaption>Source: Google Finance.<\/figcaption><\/figure>\n<p>Earlier, an analogous deal with B. Riley <a href=\"https:\/\/forklog.com\/en\/news\/core-scientific-to-raise-100-million-in-equity-capital\">entered into<\/a> by the American blockchain-hosting provider Core Scientific.<\/p>\n<p>In March, Iris Energy <a href=\"https:\/\/forklog.com\/en\/news\/iris-energy-secures-71-million-in-debt-financing-to-buy-new-bitcoin-miners\">raised $71 million<\/a> of debt financing to purchase new mining equipment.<\/p>\n<p>Earlier, the company <a href=\"https:\/\/forklog.com\/en\/news\/iris-energy-to-secure-600-mw-texas-mining-capacity\">entered into<\/a> an agreement with AEP Texas to connect a 600 MW bitcoin-mining data centre to the Texas grid.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The mining company Iris Energy signed an agreement with investment bank B. Riley to sell shares to it worth up to $100 million over two years, as stated in documents filed with the U.S. Securities and Exchange Commission.<\/p>\n","protected":false},"author":1,"featured_media":67617,"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],"class_list":["post-67616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-iris-energy"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/67616","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=67616"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/67616\/revisions"}],"predecessor-version":[{"id":67618,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/67616\/revisions\/67618"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/67617"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=67616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=67616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=67616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}