Crypto Mining Company Iris Energy to Go Public on NASDAQ

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Iris Energy, an Australian cryptocurrency mining company, has just filed a proposal to go public on the NASDAQ.

As per the announcement shared by the company today, the company intends to go public directly, and to that end has filed a Form F-1 with the US Securities and Exchange Commission (SEC).

According to the document, the company intends to debut on the trading floor in the fourth quarter of 2021.

While there had been talk that the company was considering entering into a SPAC agreement to go public, it now wants to debut on the stock exchange directly.

According to data available on the company’s website, the company has an operational mining capacity of 9 megawatts (MW) in British Columbia, Canada, and plans to expand to 30 MW this year.

Other mining companies also intend to go public on the NASDAQ, including the parent entity of Bitcoin mining company Greenidge and Texas-based Core Scientific.