Based on people familiar with the topic, Bloomberg today said the company is discussing a possible IPO with advisers and intends to start a pre-IPO capital round maybe in the next few weeks.

Since April’s bitcoin halving, which cut bitcoin mining incentives by 50%, many bitcoin mining companies are trying to increase profits and mining capacities; therefore, GDA’s plan is much-needed.

Investing roughly $1.15 billion in GDA in 2022, Alameda Research, the defunct sister trading company of the insolvent FTX exchange, raised the worth of the mining firm to $5.5 billion at the time.

According to its website, the mining company, with a total power capacity of more than 500 megawatts, runs over 20 mining facilities throughout four continents, including those in Texas, North Carolina, and South Carolina.

GDA opened a mining center in Argentina in May and revealed in April a new Texas plant with roughly 36 MW of overall power capacity.

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