IREN
IREN is a data center that provides Bitcoin mining and GPUs services using renewable energy.
Raised 413.4M EQUITY on July 2, 2024
About
Iris Energy is an Australian Bitcoin mining company that operates and expands utility-scale mining facilities to increase hash rate and optimize post-halving mining capacity.
Mission
Iris Energy operates as an Australian Bitcoin mining company and is focused on expanding its mining capacity. The company raised $413.4 million via an At-The-Market (ATM) stock issuance between May 15 and June 28 by selling 39.8 million shares. It previously raised $257 million through equity financing in Q1 and $44.8 million between March 31 and May 15. In total, Iris Energy raised approximately $714 million in the first half of the year. The funds are earmarked to support the company’s growth and expansion plans for 2024 following the Bitcoin halving. The company cited the halving as an event expected to impact mining profitability, motivating the capital raise.
Quick Facts
Founded
2018
Funding
EQUITY
Industry
Bitcoin, Cryptocurrency, Data Center, Data Storage, Hydroelectric
Team Size
101-250
Headquarters
Sydney, New South Wales, Australia
Careers
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No open roles at this time.
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