Bitcoin miner Rhodium set for IPO, valued at $1.7 billion By Cointelegraph


© Reuters.

The first initial public offering (IPO) for the crypto industry in 2022 comes from a Texas-based (BTC) mining company, Rhodium Enterprises.

In an SEC filing made last week, Rhodium plans to offer 7.69 million shares at $12–$14 each in an IPO. Trading under the ticker “RHDM” on Nasdaq, 56.8 million class A and 67.5 million class B shares will be released, ultimately valuing the company at just shy of $1.7 billion.