Business
Ex-Macquarie brothers raise $25m for green bitcoin miner – The Australian Financial Review
Iris Energy, which could become the first ASX-listed bitcoin player, has convinced prominent fund managers to back a hydro-powered bitcoin operation in Canada.
Tesla founder Elon Musks foray into bitcoin this week comes after a flurry of interest from mainstream US financial institutions including PayPal, Square and Visa.
Iris has mined bitcoin for almost two years in a facility which hosts computers drawing 9 megawatts of power. The fresh capital will allow it to build another 21 megawatts in two new data centres. It is also looking to acquire additional Canadian sites.
Iris receives regular income in bitcoin for its mining, which involves using raw computing…
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