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News 2 years ago

Crypto mining company Celsius Mining files draft listing registration statement with SEC

Celsius Mining LLC, a wholly-owned crypto mining company owned by crypto lending platform Celsius Network, has recently confidentially filed a draft FormS-1 (Registration of Stock Listing Application) registration statement with the U.S. Securities and Exchange Commission (SEC).

The registration statement is expected to become effective after the SEC completes its review process, subject to market and other conditions. As previously reported, on November 22, 2021, the crypto lending platform Celsius Network invested another $300 million in the North American bitcoin mining business, bringing the total investment to $500 million.

Alex Mashinsky, CEO of Celsius Network, said the investment is aimed at expanding Celsius Network’s mining power and mining machine power capacity in North America.

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