Bitcoin Miner Rhodium Enterprises Plans to Raise Up to $100M in IPO

Bitcoin Miner Rhodium Enterprises Plans to Raise Up to 0M in IPO
Bitcoin miner Rhodium Enterprises intends to become a publicly traded company, according to a filing with the U.S. Securities and Exchange Commission (SEC), in which it outlined plans to raise up to $100 million.The Delaware-based company, which started mining in September 2020, will trade under the ticker RHDM. The miner generated revenue, net income and adjusted EBITDA of $48.2 million, $14.9 million and $40.9 million, respectively, during the six months ended June 30, according to the filing.Rhodium plans to use its proprietary liquid-cooling technology to mine bitcoins cost effectively. The company said that the technology extends the mechanical life of…