Iris Energy, an Australia-headquartered bitcoin mining firm, has recently raised about $413.4 million ̌̌through stock offerings to fund expansion after bitcoin’s halving event.
Iris Energy intends to scale up its operations to reach 30 EH/s in hash rate capacity and 510 MW in data center capacities, according to the release. The additional cash buffer would be used for procurement for expansion extending to 2025, future agreements for additional power capacity, and potential power monetization activities.
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