The post Genesis Digital Considers IPO Amid Growing Bitcoin Mining Public Listings Trend appeared on BitcoinEthereumNews.com.

Genesis Digital is evaluating the prospects of going public through an Initial Public Offering (IPO). The firm’s discussions are currently in the preliminary stage with key stakeholders. This move aligns with a broader industry trend toward public listings. Explore Genesis Digital’s Potential IPO and the Growing Trend of Crypto Firms Going Public in Our In-depth Analysis. Genesis Digital Contemplates IPO Genesis Digital, a prominent crypto platform, is actively considering an IPO, highlighting the increasing trend of cryptocurrency firms in the US eyeing public listings. According to sources familiar with the matter who requested anonymity, the company is currently in discussions with advisers regarding this strategic move. The preliminary steps include plans for a pre-IPO funding round anticipated to launch in the upcoming weeks. These deliberations are ongoing and could influence the final fundraising strategy. IPO Strategies in the Crypto Industry The potential Genesis Digital IPO reflects a wider trend within the crypto sector. Other firms, predominantly Bitcoin mining companies, have also expressed interest in public listings. Notably, Northern Data AG is in discussions to announce an IPO in the United States, targeting a valuation of $16 billion through the amalgamation of its data center and AI cloud computing operations. Northern Data AG hopes to secure a Nasdaq listing by the first half of 2025, though this timeline remains tentative. Growing Trend of Crypto Firms Eyeing Public Market Beyond Genesis Digital and Northern Data AG, other significant players are also considering going public. For instance, Animoca Brands, a blockchain gaming and Web3 investment firm, is exploring public listing options in both Hong Kong and the Middle East. Although initial talks have taken place, formal engagement with financial advisors has yet to happen. Additionally, the cryptocurrency exchange Kraken is preparing for an IPO potentially slated for early next year. Implications for the…

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Filed under: News - @ July 3, 2024 1:10 am