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Iris Energy Limited (IREN)

Sector - Technology

Price chart

-56.38%
Return from IPO

Company News

IPO Profile

About company

They are a Bitcoin mining company. They build, own and operate data center and electrical infrastructure for the mining of Bitcoin primarily powered by renewable energy. They target entry into regions where there are low-cost, abundant and attractive renewable energy sources. In January 2020, they acquired their first site in British Columbia, Canada (“BC”), from PodTech Innovation Inc. and certain of its related parties. This site is connected to the British Columbia Hydro and Power Authority (“BC Hydro”) electricity transmission network (69 kV grid-connection) on which the electricity, as of 2021, was 98% sourced from clean or renewable sources. The data center site, which has been operating since 2019, has approximately 30 MW of capacity and operating hashrate capacity of approximately 0.7 EH/s, as of October 1, 2021. In addition to their first site in BC, as of September 30, 2021, they have conditional and unconditional rights to a number of sites across BC, Texas (USA) and Asia-Pacific, over which they are currently pursuing development activities. These sites are anticipated to support their operating and contracted nameplate hashrate capacity of 15.2 EH/s, equating to approximately 530 MW of data center capacity when online and fully operational.
Industry
Investors, Nec
CEO CFO
-
Employees Founded
39 2018

Contacts

Address: Level 21, 60 Margaret Street Sydney, Nsw 2000 Australia

Telephone: +61 2 7906 8301

Web page: http://www.irisenergy.co

IPO information

First Trade Date 11/17/2021
Status Priced
Exchange NASDAQ
Lockup Period Expiration .Pro
Quiet Period Expiration .Pro
Old Price Range
-
Share prices ($)

Shares & Volumes

Shares Initial (MM) 8.3
Shares Revised (MM) 8.3
Expected offer amount (MM) $215.8
Realized offer amount(MM) $232.4

Financial Data (last reporting year)

Market Cap (MM) $1441.7
Revenues (MM) $17.91
Net Income (Loss) (MM) $-547.69

Voting

What do you think will happen with the IREN share price after the next 3-6 months? 🔥 (+ 10% or more, flat (+ -10%), -10% or less)

Number of votes: img
The lead left underwriter: JP Morgan

IPOs led by the firm .Pro
Profitability of conducted IPOs  ?  .Pro
1st day change  ?  .Pro
Change for the first 3 months  ?  .Pro
Underwriters
JP Morgan/ Canaccord Genuity/ Citi/ Macquarie Capital/ CITIC CLSA/ Cowen/ Cantor Fitzgerald
CO-Managers
Compass Point/ Galaxy Digital Advisors

Sector: Technology

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