Crypto lender Celsius Network said its mining unit recently filed a confidential S-1 draft registration statement with the Securities and Exchange Commission (SEC).
- Without providing details, Celsius Mining said its registration statement is expected to become effective after the SEC completes its review process, subject to market and other conditions, according to a statement.
- The filing comes at a time when crypto stocks have fallen along with broader equity markets as investors have pushed the sell button on nearly all asset classes amid rising inflation, recession fears and geopolitical turmoil.
- Celsius Mining has been active in the mining industry, investing and lending, and supporting the miners it lends to. Recently, bitcoin miner Mawson signed a deal with Celsius Mining for a 100-megawatt co-location and $20 million in debt.
- In addition, Celsius Mining announced last year that it had invested a total of $500 million in its bitcoin mining operations in North America.