Bitcoin mining company Iris Energy reportedly seeking $200 million in funding

July 20 news, according to foreign media reports, according to people familiar with the matter, Bitcoin mining company Iris Energy is seeking to raise US$200 million from potential investors. The company will use the funds raised to prepare for listing on a US exchange.
Iris Energy, a Sydney-based company that produces cryptocurrency using renewable energy, currently operates a 9MW Bitcoin mining data center in British Columbia, Canada, and plans to expand it to 30MW in 2021.
Earlier, in May this year, media reported that Iris Energy was planning to go public through a merger with a special purpose acquisition company (SPAC). But later, the company changed its intention and planned to go private directly.