Celsius Mining to Go Public

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Mining company Celsius Mining, a subsidiary of crypto lending platform Celsius Network, has secretly filed an S-1 application with the SEC for an IPO. According to the document:

“The registration statement is expected to become effective after the SEC completes its review process, subject to market and other conditions.”

The placement options have not been disclosed.

In June last year, the crypto lending platform announced it was investing more than $200 million in Bitcoin mining in North America. In November, Celsius Network CEO Alex Mashinsky announced the allocation of an additional $300 million for these purposes.

The company previously raised $400 million at a $3 billion valuation after claims from regulators in the sale of unregistered securities. The charges were filed by the states of Texas, New Jersey, Alabama and Kentucky.