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Iris Energy - Undisclosed
Overview
Funding Date
July 1, 2024
Financing amount
$413M
Valuation
--
Catagory
Subcategory
About Iris Energy - Undisclosed
Iris Energy has raised about $413.4 million through stock offerings to fund expansion after bitcoin's halving event. The Nasdaq-listed firm raised the funds between May 15 and June 28 from the sale of 39.8 million shares, according to a Monday statement, first reported by TheMinerMag. The business update showed that the company's 2024 expansion plan is fully funded with $425.3 million in cash reserves — including at-the-market proceeds to be received in July — and no debt.
Founders & Team
Daniel Roberts
Will Roberts
Company Profile / Project Introduction
Iris Energy is a Bitcoin miner that owns and operates real assets, including data centre infrastructure, which is powered by renewable energy.