According to ChainCatcher, Bloomberg reported, citing people familiar with the matter, that Bitcoin mining company Genesis Digital Assets is considering an initial public offering (IPO) in the United States and is currently working with consultants on potential listing plans. Genesis Digital Assets plans to launch a round of Pre-IPO financing, which will start as soon as in the next few weeks.
Genesis Digital Assets can be traced back to one of the earliest cryptocurrency mining companies. Before FTX exploded, the company received more than $1 billion in investment from the venture capital arm of Alameda Research. Genesis Digital Assets has 20 data centers in North America, Europe, Central Asia, and South America, with a total power capacity of more than 500 megawatts, and 20 data centers in North America, Europe, Central Asia, and South America. Genesis Digital Assets was valued at $5.5 billion in a round of financing in April 2022.