IPO for Bitcoin Miner Iris Energy (IREN) Opens Flat

Today's IPO for bitcoin miner Iris Energy Limited (NASDAQ: IREN) opened for trading at $28 after pricing 8,269,231 ordinary shares $28.

J.P. Morgan, Canaccord Genuity and Citigroup are acting as lead book-running managers for the proposed offering. Macquarie Capital, CLSA, Cowen and Cantor Fitzgerald are acting as book-running managers. Compass Point is acting as co-manager for the proposed offering and Galaxy Digital Partners LLC is acting as digital asset advisor.

Iris Energy is a Bitcoin mining company that builds, owns and operates data center infrastructure with a focus on entry into regions where it can access abundant and/or under-utilized renewable energy to power its operations. Iris Energy strives to support local communities, as well as the decarbonization of energy markets and the global Bitcoin network.

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