According to WuSaid, Australia-based crypto mining company Iris Energy has raised $413.4 million through share issuance since mid-May to fund its expansion plans in 2024. From May 15 to June 28, the company sold 39.8 million shares through its At-the-Market Share Issuance Program (ATM), earning a total of $413.4 million.

The company raised $257 million in equity financing in the first quarter and an additional $44.8 million between March 31 and May 15. In total, the company raised about $714 million in the first half of this year.