IPO News

The initial public offering (IPO) for Texas-based Bitcoin miner Rhodium Enterprises is another feather in the cap for the Bitcoin-friendly southern State.

CoinDCX reached a $1.1 billion valuation by raising $90 million in a Series C funding round in August.

The merger could result in a valuation of the two firms at roughly $1.5 billion following a $150 million fundraising round from 10X Capital Venture.

After initiating the BitGo acquisition in May, Galaxy Digital expects to close the deal in the first three months of 2022.

In 2018, Bitfury raised $80 million from investors like Michael Novogratz’s Galaxy Digital at a $1 billion valuation.

The firm uses a sustainable energy source by converting waste coal into power to mine Bitcoin.

The SEC has taken action against three companies owned by Chinese billionaire Guo Wengui for commingling the proceeds from two unregistered securities offerings.

Binance.US plans to close a major private funding round in the next two months to become more independent from Binance.

Crypto exchange Kraken and stablecoin-focused company Circle have also said they are considering public listings.

Vienna-based Bitpanda’s valuation has shot up to $4.1 billion, three times its value during the crypto broker’s last private funding round in March.

Unlike traditional IPOs with a six-month lockup period, Robinhood will allow its employees to sell 15% of its shares immediately after the public debut.

One of the best options for larger crypto companies to maximize their liquidity reserves seems to be by going public.

Sustainably focused and vertically integrated Bitcoin mining company Stronghold Digital Mining has filed for a $100-million initial public offering with the U.S. Securities and Exchange Commission.

Binance is set to face heavy regulations in the future with the mindset of shifting from a tech startup to a financial service, Changpeng Zhao said.

The company has been publicly traded on the London Stock Exchange since 2018.