Cryptocurrency mining company Iris Energy raised approximately $714 million in the first half of this year

ChainCatcher news, according to MinerMag, Australian crypto mining company Iris Energy announced that it has raised $413.4 million through stock issuance since mid-May. This funding will be used to fully support the company's expansion plans for 2024 following the Bitcoin halving event, aiming to achieve a growth plan for 2024 (including a hash rate of 30 EH/s and a data center capacity of 510 MW). This financing was completed through the company's market offering (ATM) plan from May 15 to June 28, selling a total of 39.8 million shares.

In addition to the previously raised funds, Iris Energy has raised approximately $714 million in the first half of this year, which includes $257 million in equity financing in the first quarter and an additional $44.8 million from March 31 to May 15.