Genesis Digital Assets (GDA), a cryptocurrency mining company, is considering an IPO in the United States and may seek pre-IPO financing in the coming weeks. The company, which has a history of significant investment from Alameda Research, operates 20 data centers across North America, Europe, Central Asia, and South America with a total capacity of over 500 megawatts. GDA was valued at $5.5 billion in its last funding round in April 2022.

According to sources, as the cryptocurrency industry's recovery accelerates, Genesis Digital Assets (GDA) is considering an initial public offering (IPO) in the United States and is currently collaborating with advisors on potential listing plans. One source revealed that Genesis Digital Assets plans to initiate a pre-IPO financing round in the coming weeks. Discussions are ongoing, and the details of the financing plan may change. Genesis Digital Assets can be traced back to one of the earliest cryptocurrency mining companies. Before the FTX incident, the company received over $1 billion in investments 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, the company has offices in Houston and Dubai. In a financing round in April 2022, Genesis Digital Assets was valued at $5.5 billion. (Bloomberg)

Genesis Digital Assets Considers U.S. IPO and Pre-IPO Financing