Page last updated: September 12, 2023
This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.
On August 24, 2023, the Court approved the application by the Receiver with respect to the approval and vesting of the sale transaction. The Order can be found under the "Court Orders" tab above.
The Receiver has made an application to the Court which will be heard on August 24, 2023. The Orders sought include:
A copy of the Notice of Application of the Receiver can be found in the "Court Materials" tab above.
On August 21, 2023, IE CA 3 Holdings Ltd., IE CA 4 Holdings Ltd. and Iris Energy Ltd (the Respondents) filed a Notice of Appeal to the Court of Appeal for British Columbia. A copy of the Notice is available under the "Court Materials" tab above.
On August 10, 2023 the Court released its oral reasons in respect of the applications heard on June 13-15, 2023. A copy of the oral reasons can be found in the "Court Orders" tab above.
Notice of the bankruptcy and the first meeting of creditors (the “Meeting”) and materials relating to the bankruptcy proceedings (the “Notice”) was sent by the Trustee on June 29, 2023 to all known creditors of the Company, pursuant to the provisions of the BIA. Copies of the Notices are available under “Bankruptcy” section of this website.
On June 28, 2023 (the "Date of Bankruptcy") the Receiver filed an assignment in bankruptcy on behalf of IE CA 3 Holdings Ltd and IE CA 4 Holdings Ltd (the"Companies"). PricewaterhouseCoopers Inc., LIT ("PwC") was appointed as Licensed Insolvency Trustee, of the estate of the Companies. The appointment of PwC will be confirmed at the First Meeting of Creditors to be held on July 18, 2023. All relevant documents related to the bankruptcy can be found under the "Bankruptcy" tab as available.
The Court approved Sale and Solicitation Process of the Mining Equipment has commenced. Information can be found in the "Sale and Solicitation Process" tab above.
For further information regarding the SSP, please email the Receiver at ca_ieca@pwc.com.
On June 13, 2023, the Receiver made an application to the Court with respect to:
This order was granted, a copy of the order can be found in the "Court Materials" tab above.
On June 13, 2023 the Receiver filed a Supplement to the Third Report in response to the Draper Affidavit. A copy of the report can be found in the "Receiver's Reports" tab above.
On June 12, 2023, Iris Energy circulated an unfiled response to the Receiver's Third Report dated June 7, 2023 application. A copy of the affidavit of Kent Draper can be found in the "Court Materials" tab above.
On June 9, 2023, NYDIG ABL LLC circulated an unfiled response to the second affidavit of William Roberts, namely the Third Affidavit of Tejas Shah. A copy of the affidavit can be found in the "Court Materials" tab above.
The Receiver has made an application to the Court and a hearing has been set for June 13 to June 15, 2023. In support of the application, the Receiver has filed its Third Report to Court dated June 7, 2023. A copy of the Report and a copy of the Notice of Application can be found in the "Receiver's Reports" and "Court Materials" tabs, respectively.
On June 3, 2023, Iris Energy circulated an unfiled response to NYDIG’s May 9, 2023 application. Copies of the application response and affidavit # 2 of William Roberts can be found in the "Court Materials" tab above.
On May 9, 2023, NYDIG ABL LLC filed an affidavit in respect of its application on the following items:
This can be found in the "Court Materials" tab above.
On April 17, 2023 the Court released its oral reasons in respect of the applications heard on April 13, 2023. A copy of the oral reasons can be found in the "Court Orders" tab above.
The Receiver has made an application to the Court and a hearing has been set for April 13, 2023. In support of the application, the Receiver has filed its Second Report to Court dated April 10, 2023. A copy of the Report and a copy of the Notice of Application can be found in the "Receiver's Reports" and "Court Materials" tabs, respectively.
The parties have agreed to a short adjournment of the application scheduled for today.
The Receiver made several applications to the Court, a hearing has been set for March 15, 2023. In support of the hearing, the Receiver has filed its First Report to Court dated March 10, 2023. A copy of the Report can be found in the “Receiver’s Reports” tab above.
On February 3, 2023, the Supreme Court of British Columbia (the "Court") granted an Order (the “Receivership Order”) appointing PwC as Receiver of the assets, undertakings and property of IE CA 3 Holdings Limited and IE CA 4 Holdings Limited. A copy of the Receivership Order can be found under the "Court Orders" tab above.