Deals
Australian Bitcoin Firm Iris Energy Upsizes Pre-IPO Round
- Funding round expanded to A$40 million from A$20 million
- Separately, firm hires Transgrid’s Jason Conroy as CEO
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Australian Bitcoin-focused data center business Iris Energy has doubled a fundraising round to A$40 million ($31 million) ahead of a planned initial public offering.
Iris expanded the offering on Wednesday following a A$13 million commitment from Platinum Asset Management, according to a letter to investors obtained by Bloomberg News. The firm had originally set a A$20 million target for its second pre-IPO fundraising. The company is planning its first-time share sale in the middle of this year.