Iris Energy ($IREN) is down over 20% since its IPO

Iris Energy is a sustainable Bitcoin miner that owns and operates real assets, including data center infrastructure, powered by renewable energy.

The company filed for IPO and was released to be traded on Wednesday November 17th, 2021. The company issued about 55 million shares at $28.00 valuing the company at about $1.5 Billion. Since its debut, it has lost over $300 million in valuation.

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