Iris Energy has attracted $ 71 million long financing to buy new bitcoin major
The Australian company Iris Energy has attracted $ 71 million long financing to buy new mining equipment.
$ Iren Closes US $ 71m Equipment Financing with @nydig_btc
– US $ 71m Limited Recourse Facility
– 3rd facility with @nydig_btc
– Secured by 19.8k @bitmaintech s19j pro (1.98 eh/s)
– ~ 10 EH/S of $ IREN MINERS REMAIN UNENCUMBERED
-Substantial Flexibility for Further Non-Dilutive Funding– Iris Energy (@irisenergyco) March 28, 2022
Having concluded a partnership with the Nydig division, the company used the 19,800 miners Bitmain S19J Pro as a collateral of a loan for 25 months at a rate of 11%.
According to information submitted to the SEC, the total volume of the IRIS Energy attracted financing amounted to $ 500 million.
The mining company is focused on renewable energy sources. Iris Energy shares are traded on the NASDAQ stock exchange under the Iren ticer.
Recall that in January Iris Energy entered into an agreement with AEP Texas on connecting to a power supply in Texas Data Center for Bitcoin mining https://gagarin.news/news/ceo-and-co-founder-of-terra-and-terra-usd-refutes-allegations-of-malpractice/ with a capacity of 600 MW.
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