• bitcoin
    Bitcoin(BTC)
    $44,236.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $3,099.46 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $429.53 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $1.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $1.09 5.58%24H
  • chainlink
    Chainlink(LINK)
    $16.79 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $339.29 5.04%24H
  • stellar
    Stellar(XLM)
    $0.219 4.19%24H
  • vechain
    VeChain(VET)
    $0.060 7.84%24H
  • tezos
    Tezos(XTZ)
    $4.15 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00100 3.34%24H
Crypto Currency Bazaar 4u
  • INVESTMENTS
    • Crypto General
    • Masternodes
    • Mining Projects
    • NFTS Investments
    • Invest In ICO
    • Exchanges
    • Staking Yeild Farming
  • WORLD
  • USA
  • CANADA
  • JAPAN
  • UK
  • UAE
  • INDIA
  • MORE
    • BRAZIL
    • AUSTRALIA
    • EL SALVADOR
    • CENTRAL AMERCIA
    • SOUTH AMERICA
    • AFRICA
    • EUROPE
    • ASIA
    • OCEANIA
    • ICO
  • Login
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE
HealthNews
No Result
View All Result
Home INDIA

Bitcoin Miner Sets Out Its IPO Terms, To List Shares on Nasdaq Under The Ticker ‘RHDM’

CB4U by CB4U
January 14, 2022
in INDIA
0
Bitcoin Miner Sets Out Its IPO Terms, To List Shares on Nasdaq Under The Ticker ‘RHDM’
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Bitcoin miner Rhodium Enterprises Inc. has announced the terms for its initial public offering (IPO) which is expected to bring the company’s valuation to over $1.7 billion.

Rhodium Set To Raise Over $107 Million From IPO

According to Rhodium’s filing with the U.S Securities Exchange Commission SEC, the Bitcoin miner is looking to raise about $107.7 million by offering 7.69 million Class A shares in the IPO at a price ranging between $12 and $14 a share.

Meanwhile, even after the IPO, about 56.84 million Class A shares and 67.50 million Class B shares are expected to remain outstanding after the IPO, thus seeing the company valued at approximately $1.74 billion.

According to Rhodium, the stock would be listed on the Nasdaq under the ticker symbol “RHDM.”

Aiming For The Top

This IPO may just be another step forward as Rhodium continues in its relentless effort towards creating new technologies as well as becoming the leading producer of Bitcoin in the industry.

Meanwhile the firm has always prided itself as having an edge over most miners because of its proprietary liquid-cooling technology, as opposed to the common traditional air-cooled systems.

As at December 31, 2021, Rhodium became one of the largest liquid-cooled bitcoin mining sites in the world, with 100 MW of liquid-cooled miners online at the time.

Interestingly, Rhodium Enterprises was just founded in 2020. And in the first 9 months ended September 30, 2021, the company had already recorded a net income of $12.8 million on revenue of $82.1 million, holding $8.4 million in digital assets and $272.1 million in total assets as of at that Sept. 30.

The firm is looking to go public at a time when investors might be showing some disdain for IPO, according to recent statistics.

Disclaimer

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

About Author

Mayowa Adebajo is a fintech enthusiast with a decade long experience writing news stories and creating content generally. When he’s not writing, he’s either talking politics or discussing sports.

Advertisement Banner
Previous Post

LES ALTCOINS PLUS VOLATILES QUE BITCOIN ! 😅

Next Post

US Lawmaker Introduces Bill Prohibiting ‘Surveillance Tool’ Retail CBDC

CB4U

CB4U

Next Post
US Lawmaker Introduces Bill Prohibiting ‘Surveillance Tool’ Retail CBDC

US Lawmaker Introduces Bill Prohibiting ‘Surveillance Tool’ Retail CBDC

Discussion about this post

RECOMMENDED

Crypto Scams Have ‘Robbed’ Kenyans Of $120 Million Last Year

Crypto Scams Have ‘Robbed’ Kenyans Of $120 Million Last Year

3 months ago
A Beginner’s Guide to Storing Bitcoin – Bitcoin Wallets

A Beginner’s Guide to Storing Bitcoin – Bitcoin Wallets

4 days ago

DON'T MISS

Three Promising Coins to Explore: Parody Coin (PARO), Solana (SOL) and Hedera (HBAR)

Three Promising Coins to Explore: Parody Coin (PARO), Solana (SOL) and Hedera (HBAR)

June 26, 2022
What are Bitcoin covenants, and how do they work?

What are Bitcoin covenants, and how do they work?

June 26, 2022
Bitcoin Pi Cycle Bottom Indicator: How low can we go? 

Bitcoin Pi Cycle Bottom Indicator: How low can we go? 

June 26, 2022
When Will The Crypto Bear Market End?! BEST Predictions!

When Will The Crypto Bear Market End?! BEST Predictions!

June 26, 2022
Crypto Currency Bazaar 4u

The Cryptocurrency Bazaar 4U was founded in 2020 for providing the most trusted information for the Crypto enthusiasts covering a broad range of news about blockchain technology, cryptocurrency assets, emerging fintech trends in the decentralized space, and other related wide array of information surrounding this emerging technology.Our team provides the most up-to-date and accurate news from different sources in this space comprising of unbiased news, in-depth analytics, detailed cryptocurrency price charts, and insightful opinion pieces is the basis of our editorial content.

POPULAR POSTS

Three Promising Coins to Explore: Parody Coin (PARO), Solana (SOL) and Hedera (HBAR)

Three Promising Coins to Explore: Parody Coin (PARO), Solana (SOL) and Hedera (HBAR)

June 26, 2022
What are Bitcoin covenants, and how do they work?

What are Bitcoin covenants, and how do they work?

June 26, 2022
Bitcoin Pi Cycle Bottom Indicator: How low can we go? 

Bitcoin Pi Cycle Bottom Indicator: How low can we go? 

June 26, 2022

Categories

  • AFRICA
  • ALTCOIN
  • ASIA
  • AUSTRALIA
  • BITCOIN
  • BLOCKCHAIN
  • BRAZIL
  • CANADA
  • CENTRAL AMERCIA
  • CRYPTO GENERAL
  • EL SALVADOR
  • ETHEREUM
  • EUROPE
  • EXCHANGES
  • ICO
  • INDIA
  • INVERST IN ICO
  • INVESTMENTS
  • JAPAN
  • MASTERNODES
  • MINING
  • MINING PROJECTS
  • NFTS
  • NFTS INVESTMENTS
  • OCEANIA
  • SINGAPORE
  • SOUTH AMERICA
  • STAKING & YEILD FARMING
  • UAE
  • UK
  • Uncategorized
  • USA
  • VIDEOS
  • WORLD
  • CONTACT US
  • DISCLAIMER
  • PRIVACY POLICY
  • ABOUT US
  • CLASSIFIED
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

No Result
View All Result
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoin
    Bitcoin(BTC)
    $44,236.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $3,099.46 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $429.53 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $1.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $1.09 5.58%24H
  • chainlink
    Chainlink(LINK)
    $16.79 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $339.29 5.04%24H
  • stellar
    Stellar(XLM)
    $0.219 4.19%24H
  • vechain
    VeChain(VET)
    $0.060 7.84%24H
  • tezos
    Tezos(XTZ)
    $4.15 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00100 3.34%24H