According to Bloomberg, people familiar with the matter revealed that Genesis Digital Assets is considering an IPO in the United States as the recovery of the crypto industry gathers pace. The crypto mining company is working with advisers on a potential listing. A person familiar with the matter said the company plans to raise a round of pre-IPO financing, which will be launched as early as the next few weeks; deliberations are ongoing and the details of the fundraising plan may change. It is worth noting that SBF's former hedge fund Alameda is an investor in the cryptocurrency mining company GDA, receiving more than $1 billion in investment. According to an internal spreadsheet that lists the venture capital portfolios of FTX and Alameda, which was seen by Bloomberg News, GDA was valued at $5.5 billion in a round of financing in April 2022.