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B. Riley may purchase up to $100M stake in Bitcoin miner Iris Energy

Coin Telegraph LogoCoin Telegraph6d ago

B. Riley may purchase up to $100M stake in Bitcoin miner Iris Energy - Coin Telegraph

Quick Summary:

Iris Energy’s filing suggested the company planned to use proceeds from the sale to fund growth initiatives including purchasing mining hardware and developing data centers.

Other mining firms based in North America seem to have experienced financial difficulties amid the market downturn.

Riley has a 24-month timeframe to complete the purchase starting “as soon as practicable” after the effective date of the registration statement.


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Article Details

Author / Journalist: Cointelegraph By Turner Wright

Category: Crypto

Topics: Iris energy Business B. Riley Mining

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23, 20:30:00

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Reading Time: 2 minutes read

Article Length: 345 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 499457

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 27 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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