According to BlockBeats, Genesis Digital Assets (GDA) is considering an initial public offering (IPO) in the United States. The company is currently working with advisors on potential listing plans and plans to launch a pre-IPO round of financing in the coming weeks. Relevant discussions are still ongoing and the details of the financing plan may change.
Genesis Digital Assets is one of the earliest cryptocurrency mining companies, having received more than $1 billion in investment from the venture capital arm of Alameda Research. The company has 20 data centers in North America, Europe, Central Asia, and South America, with a total power capacity of more than 500 megawatts.
In an April 2022 funding round, Genesis Digital Assets was valued at $5.5 billion.
