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

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 Nasdaq, said the people.

Discussions are ongoing and there is no certainty that the company will go ahead with any listing, the people said.