Genesis Digital Assets considers IPO in the United States

According to Bloomberg, sources revealed that Genesis Digital Assets is considering an IPO in the United States as the pace of recovery in the crypto industry accelerates. The crypto mining company is collaborating with advisors on potential listing matters. A source mentioned that the company plans to raise pre-IPO financing, which could kick off as soon as in the coming weeks; discussions are ongoing, and details of the fundraising plan may change. Notably, Alameda, the former hedge fund of SBF, is an investor in this cryptocurrency mining company GDA, with investments exceeding $1 billion. According to an internal spreadsheet seen by Bloomberg News listing FTX and Alameda's venture portfolios, GDA was valued at $5.50 billion in a financing round in April 2022.