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Bitcoin Miner Iris Is Said to Weigh Australia’s First SPAC Deal

From bnnbloomberg.ca

Bitcoin mining business Iris Energy Pty is weighing proposals from blank-check firms seeking to take the Australian company public, according to people familiar with the matter, in what would be the country’s first such listing. The Sydney-based company has been approached by several special purpose acquisition companies about a deal to potentially list in the U.S. that could raise between $300 million and $500 million, the people said, asking not to be named discussing confidential matters. Iris is also considering options including a conventional or direct listing on the Australian Securities Exchange or the ... (full story)

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