Australian bitcoin mining company Iris Energy filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) to raise up to $100 million.
- The Sydney-based company said on Monday that it intends to list its ordinary shares on Nasdaq under the ticker symbol “IREN.”
- The shares are expected to start trading later this year.
- J.P. Morgan, Canaccord Genuity, Citigroup, Macquarie Capital and Cowen are joint bookrunners for the deal.
- The pricing terms remain undisclosed.
- In July, Bloomberg reported that Iris Energy was looking to raise $200 million in a new funding round before it seeks a direct listing on Nasdaq.
- Iris Energy has emphasized its use of renewable energy for crypto mining. It has been meeting prospective investors and is working with an adviser.