Two former Macquarie bankers who founded Nasdaq-listed bitcoin miner Iren could be forced before local courts as administrators of a collapsed investment firm chase the company for $153 million.
The Sydney-headquartered Iren unsuccessfully asked the Federal Court to stop the bankruptcy proceedings in Australia. The company, once known as Iris Energy, has a market capitalisation of $US1.8 billion ($2.7 billion) and operates bitcoin mining centres in Australia and the United States.
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Amelia McGuire covers technology from the AFR's Sydney newsroom. She was previously the aviation, tourism and gambling reporter for The Sydney Morning Herald and The Age. Connect with Amelia on Twitter. Email Amelia at a.mcguire@afr.com.au
