According to Odaily Planet Daily, LandBridge plans to conduct an IPO in the United States, aiming to raise $319 million and valuing it at $1.6 billion. Matthew Sigel, head of digital assets at VanEck, cited people familiar with the matter as saying that LandBridge is looking at opportunities brought by Bitcoin mining activities. LandBridge owns more than 220,000 acres of land in the oil-rich Permian Basin and generates revenue by leasing land and selling mined resources, including oil and gas. Although the company is eager to delve into commodities and energy, Sigel pointed out that they also believe that Bitcoin mining is a growth vector that can expand revenue sources. People familiar with the matter said that existing infrastructure, such as roads and power lines, are selling points for cryptocurrency mining facilities and data centers.
