The company confidentially submitted a draft registration statement to the U.S. Securities and Exchange Commission (SEC) for a direct listing on the tech-heavy index, it said in a press release, adding that it expects the listing to be effective in the last quarter of calendar 2021.
Iris has been raising funds, garnering up to $130 million earlier in the year, to develop and expand its operations in British Columbia, Canada where it mines bitcoin using green hydroelectric power from a local electricity generator.
Bloomberg had reported in July that the company was in talks to raise about $200 million ahead of its proposed Nasdaq listing.
The Sydney-based firm had said earlier it expected to expand its 9 megawatt (MW) capacity data centre in Canada to 30 MW by the fourth quarter this year, and was looking to raise more funds to add additional computing capacity in 2022.
