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Iris has the right, but not the obligation to sell B. Riley the stock, according to the filings. The miner may sell B. Riley up to 25 million of IREN ordinary shares in the 24 months starting Friday, according to a filing with the U.S. Securities and Exchanges Commission. If the miner sells all the shares to the bank, for about $100 million, B. Riley would have an up to 31% stake in the miner, the filing said.
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