Bitcoin miner Iris Energy considering mergers and acquisitions after fresh capital raise

Quick Take

  • Bitcoin Miner Iris Energy is looking at “potential M&A” opportunities as well as “ongoing organic expansion.”
  • The company recently closed a deal with B. Riley, giving it the option to sell the firm up to $100 million in ordinary shares over the next two years.

Bitcoin miner Iris Energy considering possible mergers and acquisitions opportunities as the firm plots its growth plans.

Those also include other options such as "ongoing organic expansion," the company said in a statement Friday.

Last month, it signed a deal with investment banking firm B. Riley for the option to sell up to $100 million in ordinary shares. "The Company continues to monitor funding markets and advance prospective capital opportunities," it said.

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