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››Latham-led Bitcoin miner Iris Energy launches $ 215 million IPO

Latham-led Bitcoin miner Iris Energy launches $ 215 million IPO

By Daniel Bingham
November 9, 2021
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By Charlie Innis (Nov 9, 2021, 5:03 PM EST) – Iris Energy Ltd., a bitcoin mining company that says it primarily uses renewables, on Tuesday announced the terms of its planned initial public offering of $ 215 million, with advice from Latham & Watkins LLP and Davis Polk & Wardwell LLP.

Iris Energy plans to offer nearly 8.3 million shares between $ 25 and $ 27 each, according to a regulatory filing.

The company would raise $ 215 million and have a market value of $ 1.4 billion if it price the IPO midway through, according to IPO research firm Renaissance Capital.

The Australian-incorporated company operates and owns a data center in Canada, which it purchased …

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