The First Crypto Miner ETF Unveils in Australia

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Australian Bitcoin miner Iris Energy applies for an initial public offering (IPO) on the Nasdaq. The stock code is “IREN”. Reportedly, $100 million has been raised.

In this transaction, JPMorgan Chase, Canaccord Genuity, Citigroup, Macquarie Capital, and Cowen jointly acted as “book-runners”. It is expected that the stock will officially begin to be traded to the public later this year.

Cryptocurrency mining machine providers from Australia have begun to move towards the world, seeking more investors’ attention.

A local exchange in Australia also lists a new crypto-miner ETF for the first time on Thursday, aiming to track well-known miners and infrastructure providers worldwide.

According to Bloomberg News, the crypto miner ETF is called Cosmos Global Digital Miners Access ETF (stock code: DIGA). Its constituent stocks include Marathon Digital Holdings Inc., Riot Blockchain Inc., Hive Blockchain Technologies Ltd., and Hut 8 Mining Corp. are waiting for the company.

The investment in the Cosmos Global Digital Miners Access ETF will begin trading on the Chi-X Australia exchange. Investors who invest in this ETF will not directly hold cryptocurrencies.

More and more crypto miners are seeking more efficient development in the global digital asset product boom.

As reported by Blockchain.News on October 26, Missouri-based energy generation company Ameren Corp unveiled its secret Bitcoin mining operations near the Sioux Energy Center in the state.

Image source: Shutterstock

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