Bitcoin Miner Iris Energy Upsizes Its IPO, Valuing Company at $1.5B

Posted on by American Coins & Gold

Bitcoin Miner Iris Energy Upsizes Its IPO, Valuing Company at .5B
Iris Energy, a Sydney-based company that mines bitcoin primarily with renewable energy, raised its initial public offering (IPO) pricing to $28 per share, from the previous expected range of $25 to $27.The miner said it plans to sell 8.3 million shares, raising about $232 million through its IPO offering, according to a statement. It expects to start trading on the Nasdaq on Nov. 19 under the ticker symbol IREN.The company will have about 55 million shares outstanding, valuing the company at around $1.5 billion, according to its U.S Securities and Exchange Commission filing.Iris will use the proceeds from the offering…