Iris Energy operates as an Australian Bitcoin mining company and is focused on expanding its mining capacity. The company raised $413.4 million via an At-The-Market (ATM) stock issuance between May 15 and June 28 by selling 39.8 million shares. It previously raised $257 million through equity financing in Q1 and $44.8 million between March 31 and May 15. In total, Iris Energy raised approximately $714 million in the first half of the year. The funds are earmarked to support the company’s growth and expansion plans for 2024 following the Bitcoin halving. The company cited the halving as an event expected to impact mining profitability, motivating the capital raise.

Total raised

$413M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2024