Mining company Iris Energy goes on IPO
The company's plans include listing on the Nasdaq stock exchange and attracting $100 million in investments
27.10.2021 - 08:15
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What's new? Iris Energy, a large cryptocurrency mining company from Australia, has filed an application with the US Securities and Exchange Commission (SEC). If approved, Iris Energy plans to enter an IPO and raise funding for the company’s development.
What are the stated goals? The company's goals include entering an IPO and listing on the Nasdaq stock exchange under the IREN ticker. The proceeds from the IPO procedure are planned to be used to increase the number of mining devices and to increase the capacity for mining cryptocurrencies.
Iris Energy focuses on bitcoin mining with green energy. The company's own data center is located in Canada and is powered by renewable sources such as hydroelectric power plants.
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