16 May 2022 15:34, UTC.
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Mining company Celsius Mining, a “subsidiary” of cryptolanding platform Celsius Network, has confidentially filed a Form S-1 application with the U.S. Securities and Exchange Commission (SEC) for IPO.
“The registration statement is expected to become effective after the SEC completes its review process, subject to market and other conditions,” the press release states.
The parameters of the offering were not disclosed.
In June 2021, the cryptocurrency platform announced it was investing more than $200 million in bitcoin mining in North America. In November, Celsius Network CEO Alex Mashinsky announced an additional $300 million for this purpose.
The company had previously raised $400 million at a $3 billion valuation after claims from regulators of selling unregistered securities. The charges were brought by authorities in Texas, New Jersey, Alabama and Kentucky.
In May 2022, the media reported that Celsius withdrew approximately $500 million in assets from the Anchor protocol amid the collapse of the UST algorithmic stackcoin.
As a reminder, mining stocks fell significantly more than bitcoin during April, according to a ForkLog report.
#Celsius #Mining #files #IPO