Iris Energy raises $413.4 million in equity offering following Bitcoin halving

Odaily News Australian crypto miner Iris Energy has raised $413.4 million through equity issuance since mid-May to fund its 2024 expansion plans after the Bitcoin halving event. In a press release issued on Monday, Iris Energy said that it had received total proceeds of $413.4 million from the sale of 39.8 million shares through its at-the-market (ATM) issuance program between May 15 and June 28. The company raised $257 million in equity financing in Q1 and an additional $44.8 million between March 31 and May 15. In the first half of this year, Iris Energy raised a total of approximately $714 million. (MinerMag)