Iris energy Latest News

Core Scientific and Iris Energy backer under SEC scrutiny, report says

Crypto-friendly bank B. Riley Financial Inc. is said to be facing an undisclosed investigation from U.S. authorities. The Los Angeles-based investment bank B. Riley Financial Inc. is reportedly under investigation by the U.S. Securities and Exchange Commission (SEC) for its…

January 22, 2024 at 10:00 am

Australian Bitcoin miner under pressure to repay $107.8 million debt

Iris Energy received a notice of demand from its lender and Bitcoin rig maker Bitmain Technologies for allegedly failing to honor a $107.8 million loan.

November 22, 2022 at 10:38 am

Iris Energy unplugs hardware collateralizing $100 million loan

SEC filing shows that Iris Energy has responded to a default notice by unplugging hardware to collateralize the loan. Bitcoin miner defaults on loan Bitcoin miner Iris Energy has unplugged most of its miners in response to a default notice…

November 22, 2022 at 12:15 am

Iris Energy’s SEC Filing Shows Debt Held in Special Purpose Vehicles

Iris Energy claims that its bad debt is contained by special purpose vehicles. According to a SEC filing, the firm leaves a five million gap each month due to its debt.

November 3, 2022 at 1:15 pm