On July 2nd, Australian crypto miner Iris Energy announced that it has raised $413.40 million through a stock offering since mid-May. The funds will be used to fully support the company's 2024 expansion plan following the Bitcoin halving event, aiming to achieve the 2024 growth plan (including a hash rate of 30 EH/s and a data center capacity of 510MW). The financing was completed through the company's market offering (ATM) program between May 15th and June 28th, with a total of 39.80 million shares sold. Together with the previously raised funds, Iris Energy raised a total of about $714 million in the first half of the year, including $257 million in equity financing from Quarter 1 and an additional $44.80 million between March 31 and May 15. As of June 28, Iris Energy's cash holdings amounted to $425.30 million, including ATM revenue to be received in the first week of July. In addition, $223.20 million of equity financing capacity remains available under the ATM program. With the success of these financing activities, Iris Energy's total outstanding common stock increased from 146 million shares on May 12 to 186 million shares on June 28, an increase of 20%.