Australian bitcoin mining company Iris Energy filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) to raise up to $100 million.
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The Sydney-based company said on Monday that it intends to list its ordinary shares on Nasdaq under the ticker symbol “IREN.”
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The shares are expected to start trading later this year.
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J.P. Morgan, Canaccord Genuity, Citigroup, Macquarie Capital and Cowen are joint bookrunners for the deal.
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The pricing terms remain undisclosed.
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In July, Bloomberg reported that Iris Energy was looking to raise $200 million in a new funding round before it seeks a direct listing on Nasdaq.
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Iris Energy has emphasized its use of renewable energy for crypto mining. It has been meeting prospective investors and is working with an adviser.
Tanzeel Akhtar is a CoinDesk news reporter based in Europe.
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