Australian Bitcoin mining company Iris Energy applied for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC) to raise up to US$100 million.
The Sydney-based company said on Monday that it intends to list on the Nasdaq market under the ticker symbol “IREN.” These stocks are expected to begin trading later this year. JPMorgan Chase, Canaccord Genuity, Citigroup, Macquarie Capital and Cowen are the joint bookrunners for the transaction.