We advised Iris Energy on the offering

Davis Polk advised Iris Energy Limited in connection with its SEC-registered at-the-market offering of its ordinary shares for up to an aggregate amount of $300 million. The ordinary shares are listed on the Nasdaq Global Select Market under the symbol “IREN.”

Based in Sydney, Australia, Iris Energy Limited is a Bitcoin mining company that builds, owns and operates data center infrastructure with a focus on entry into regions where it can access abundant and/or underutilized renewable energy to power its operations. Iris Energy Limited strives to support local communities, as well as the decarbonization of energy markets and the global Bitcoin network.

The Davis Polk corporate team included partner Marcel Fausten and associates Meaghan Kennedy and Logan Crossley. Partner Lucy W. Farr and associates Albert Park and Constance Zhang provided tax advice. Partner Gregory S. Rowland and associate Harrison Perry provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.