Iris Energy will attract up to $ 100 million share capital
Iris Energy mining company signed an agreement with the investment bank b. Riley about the sale of shares in the amount of up to $ 100 million for two years. This is stated in the documents for The Bank of Spain the US Securities and Exchange Commission.
IRIS Energy noted that any income received to finance development initiatives, including the purchase of equipment and the construction of data centers, as well as general corporate purposes can use it.
As compensation for obligations by agreement, the company issued for b. Riley 198 174 Ordinary Promotions.
The securities of the mining company reacted to the news with a fall.
Previously, a similar deal with b. Riley was concluded by an American blockchain-hosting provider Core Scientific.
Recall that in March Iris Energy attracted $ 71 million long financing to buy new mining equipment.
Earlier, the company entered into an agreement with AEP Texas on connecting to a power supply in Texas Data Center for Bitcoin mining with a capacity of 600 MW.
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