Bitcoin miner Iris Energy plans to raise $200 million in a fundraising round to prepare for a direct listing, Be In Crypto reports.
The Sydney-based company uses renewable energy to produce the cryptocurrency. It said it is working with an adviser on the investment round and has met with prospective investors. According to the anonymous source familiar with the matter, a direct listing could happen as soon as this year. Two months ago the company was said to be exploring SPAC options. Read more.
