Genesis Digital Explores IPO Path Amid US Bitcoin Mining Boom

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Genesis Digital is considering going public through an IPO, following the trend among crypto platforms in the US. According to Bloomberg, the company is in early discussions with advisers about the potential listing and planning a pre-IPO funding round. Other crypto firms, such as Northern Data AG and Animoca Brands, are also exploring IPOs, with Northern Data AG aiming for a Nasdaq listing by early 2025. Additionally, cryptocurrency exchange Kraken is planning an IPO for next year. This surge in IPO interest reflects a growing demand among crypto enthusiasts to invest in these companies.