FTX and Binance aren’t the only cryptocurrency companies with dreams of going public. Bitcoin miner Stronghold Digital Mining filed for a $100 million initial public offering on Tuesday. It is the latest sign that despite growing environmental concerns about bitcoin’s power consumption, companies that fuel the calculations needed to verify transactions are thriving.
Stronghold, which I wrote about last week, is a mining company that aims to be more environmentally friendly by using waste coal to power its operations. It would join rivals like Marathon Digital Holdings and Riot Blockchain on the Nasdaq if the IPO pans out.
