Bitcoin miner Rhodium plans to raise up to $ 100 million in IPO

According to data submitted to the United States Securities and Exchange Commission (SEC), Golden Financial has said that Rhodium Enterprises, a bitcoin venture capital firm, is preparing to go public and will raise up to $ 100 million in the IPO. The Delaware company started mining with the RHDM index in September 2020. According to the data, miners' earnings, earnings and adjusted EBITDA for the six months to June 30 are respectively 48.2 million. US dollars, 14.9 million US dollars and 40.9 million US dollars. . Rhodium plans to use liquid crystal processing equipment to get the most out of my Bitcoin. The company claims that the technology extends the overall lifespan of Bitcoin miners by 30% to 50%. The company plans to add 45 megawatts of additional power by the end of the year and increase the hash range to 2.7 EH / s. Additionally, Rhodium plans to operate a second mining facility in Texas by April 2022, and has already purchased a mining block that will generate up to 225 MW of electricity and is expected to ship within the same months.