Coin

<ul class="news-points">
 <li>Genesis Digital Assets explores an IPO with advisors. </li>
 <li>The company is involved in crypto mining across 20 global data centers. </li>
 <li>Valued at $5.5B, it navigates regulatory challenges amid Bitcoin’s price surge.</li>
</ul>
Genesis Digital Assets (GDA) is reportedly exploring an IPO in the U.S., amidst a renewed surge in the crypto industry.
Sources familiar with the matter disclosed that the firm is <a href="https://www.bloomberg.com/news/articles/2024-07-02/alameda-backed-miner-genesis-digital-assets-said-to-weigh-us-ipo" target="_blank" rel="noopener noreferrer nofollow">currently consulting</a> with advisors on the potential listing and plans to launch a pre-IPO funding round in the coming weeks. A GDA spokesperson declined to comment on the ongoing discussions, stating that fundraising efforts remain subject to change.
Founded in Iceland in 2014, GDA became a major player in the crypto mining space, securing over $1 billion in funding from Alameda Research, the now-defunct crypto trading firm associated with Sam Bankman-Fried.
The company navigated industry turbulence following the collapse of FTX, and now operates a robust infrastructure with over 500 megawatts of power capacity across 20 data centers spanning North America, Europe, Central Asia, and South America. With operational bases in Houston and Dubai, GDA ranks among the world’s l…
The post <a href="https://coinedition.com/genesis-digital-assets-eyes-us-ipo-amid-crypto-revival/" rel="noopener noreferrer nofollow">Crypto Miner Genesis Digital Assets Explores Public Listing in the U.S.</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Crypto Miner Genesis Digital Assets Explores Public Listing in the U.S.

Coin Edition

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