Iris Energy raises IPO

Mining
Written By Francisko Kim

Key Points:

  • Iris Energy Limited (“Iris Energy”) announced today the pricing of its initial public offering of 8,269,231 ordinary shares (“Ordinary Shares”), at a public offering price of $28.00 per share.

    • According to a SEC filing from Nov. 9, Iris Energy originally registered to be listed with a proposed maximum offering price of $27, but has now been bumped to $28.

  • Iris Energy is based in Sydney, Australia and builds, owns, and operates data centers and electrical infrastructures to mine bitcoin

  • They have been in operation since 2019 and run mostly on renewable energy sources

Francisko Kim
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