Alameda-backed miner Genesis Digital Assets considering U.S. IPO, Bloomberg says

Genesis Digital Assets is considering an initial public offering in the U.S. as the crypto industry’s resurgence gathers pace, Bloomberg’s David Pan reports, citing people familiar with the matter. The crypto mining company, which counts Sam Bankman-Fried’s former hedge fund as an investor, is working with advisers on the potential listing, the people said. The company plans to raise a pre-IPO funding round that’s set to launch as soon as in the coming weeks, one of the people said. The publication notes the company received over $1B worth of investment from the venture arm of Alameda Research, which was controlled by Bankman-Fried before his empire spectacularly unraveled. Publicly traded companies in the space include Bit Digital (BTBT), Bitfarms (BITF), Coinbase (COIN), Core Scientific (CORZ), Greenidge Generation (GREE), Marathon Digital (MARA), MicroStrategy (MSTR), Riot Platforms (RIOT), Stronghold Digital Mining (SDIG) and TeraWulf (WULF).