Cryptocurrencies
Alameda-Backed Miner Genesis Digital Assets Weighing US IPO
- SBF’s former fund Alameda invested $1 billion in GDA
- Firm plans to launch a pre-IPO funding round in coming weeks
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Genesis Digital Assets is considering an initial public offering in the US, according to people familiar with the matter, as the crypto industry’s resurgence gathers pace.
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, asking not to be identified as the information isn’t public.