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The Australia-based bitcoin mining company Iris Energy has raised $71 million in debt issuance for new equipment.
The company secured the deal with an NYDIG subsidiary, de acuerdo con un enunciado publicado el lunes. The company used 19,800 Bitmain S19j Pro miners to secure the loan, which has a 25-month term and an 11% interest rate.
Iris Energy has previously raised over $500 million in funding, as per the statement. Last year, it got $115 million in debt issuance, before upsizing its initial public offering on Nasdaq to $231 million.
According to the statement, the company is looking to “take advantage of a strong balance sheet” and seek more funding opportunities in the future.
“Esperamos formalizar líneas de crédito adicionales a medida que se continúan entregando e instalando mineros”, dijo Daniel Roberts, cofundador y codirector ejecutivo de Iris Energy, en un comunicado.
Last week, Greenidge announced a similarly structured $100 million financing round.
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Source: https://www.theblockcrypto.com/linked/139638/bitcoin-miner-iris-energy-secures-71-million-in-equipment-financing?utm_source=rss&utm_medium=rss