Sydney-based Iris Energy files for $100M U.S. IPO

Australian bitcoin mining company Iris Energy (IREN) filed for U.S. IPO with SEC targeting a $100M raise; intends to list shares on Nasdaq under the symbol, "IREN", as reported by CoinDesk. While pricing terms remain undisclosed, shares are expected to start trading later this year in Q4. Iris Energy emphasized its use of renewable energy for mining, and has been meeting prospective investors and is working with an adviser. In July, Bloomberg reported that Iris Energy is looking to raise $200M in a new funding round before it seeks a direct listing on the Nasdaq.