Bloomberg: Bitcoin mining company Genesis Digital Assets is considering an IPO in the United States

PANews reported on July 3rd, according to Bloomberg, informed sources revealed that as the pace of recovery in the cryptocurrency industry accelerates, Genesis Digital Assets 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 initiate a round of financing before IPO in the coming weeks. The review is ongoing and details of the financing plan may change.

Genesis Digital Assets can be traced back to one of the earliest cryptocurrency mining companies. Before FTX's crash, it received over $1 billion investment from Alameda Research's venture capital division. Genesis Digital Assets has 20 data centers in North America, Europe, Central Asia and South America with a total power capacity exceeding 500 megawatts. According to its website, it has offices in Houston and Dubai. Genesis Digital Assets was valued at $5.5 billion in a funding round in April 2022.