Iris Energy Raises $4.134 Billion Through Stock Issuance

According to MinerMag, Australian cryptocurrency mining company Iris Energy has announced that it has raised $4.134 billion through a stock issuance since mid-May. This funding will be used to fully support the company’s expansion plans for 2024 post the Bitcoin halving event, aiming to achieve the 2024 growth plan (including a hash rate of 30 EH/s and data center capacity of 510MW). The financing was completed through the company’s market sale (ATM) program from May 15 to June 28, selling a total of 39.8 million shares.

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