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31 May 2021

Iris Energy secures US$50 million equipment financing

Iris Energy is pleased to announce that it has achieved financial close on a US$50 million equipment financing facility with a respected North American institution. The facility will be applied to the purchase of Bitcoin mining servers as part of the expansion of Iris Energy’s operations in Canada.

Jason Conroy, CEO of Iris Energy said: “This financing is another institutional endorsement of Iris Energy’s sustainable business model and enables us to continue to expand our operations following our recent capital raising of AUD$110 million, cornerstoned by Australian institutional funds.”

Iris Energy is a sustainable Bitcoin miner that owns and operates real assets, including data centre infrastructure, powered by renewable energy.

Iris Energy has secured additional data centre development sites and new computing hardware which, with further funding, will expand capacity to 180MW (4.5EH/s) across multiple sites in 2022, making Iris Energy one of the largest Bitcoin miners in the world.

View Media Release here

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