Iris Energy raised $71 million in debt issuance for new Bitcoin mining equipment.
According to a statement, the Australia-based Bitcoin mining firm won the deal with an NYDIG subsidiary. Iris Energy used 19,800 Bitmain S19j Pro miners to secure the loan. It has a 25-month term and an 11% interest rate.
Previously, Iris Energy had raised over $500 million in funding. While last year the company received $115 million in debt issuance. The company got the fund before upsizing its initial public offering on Nasdaq to $231 million.
The firm is looking to “take advantage of a strong balance sheet” and seek more funding opportunities in the future, the statement added.
"Radujemo se formalizaciji dodatnih kreditnih mogućnosti jer rudari nastavljaju da se isporučuju i instaliraju", rekao je Daniel Roberts, suosnivač i ko-izvršni direktor Iris Energy-a, u izjavi.
Kompanija posjeduje veliki centar za rudarenje kriptovaluta u sjevernoj državi New York. Planira da poveća kapacitet svog data centra na 4.7 EH/s ove godine, “s tim da je velika većina proširenja kapaciteta fokusirana izvan originalne lokacije kompanije u Njujorku”, navodi se u saopštenju.
Likewise, Greenidge Generation Holdings obezbeđena a similarly structured $100 million financing round to help in enlarging its operations in the U.S., Blockchain.News prijavili.
Ukupna suma uključivala je 81.4 miliona dolara kao zajam od filijale NYDIG-a i 26.5 miliona dolara kao zadužnicu sa kohortom B. Riley Financial, Inc.
Greenidge claims to be the “first and only carbon neutral, vertically integrated power generator and Bitcoin miner of scale in the United States.”
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Source: https://blockchain.news/news/iris-energy-raises-71m-in-debt-issuance