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Celsius Network’s crypto mining subsidiary SEC filing suggests plans for IPO -Breaking

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SEC filing by Celsius Network’s crypto-mining subsidiary suggests plans to go public

Celsius Mining is the subsidiary mining of the cryptocurrency lending platform Celsius Network. It has submitted paperwork to the United States Securities and Exchange Commission or SEC. This suggests plans for an initial public offer (IPO).

On Monday, Celsius was announced. The SEC had received a draft Form S-1 registration statement from the mining subsidiary, which suggests that the company may be planning an initial public offer. SEC regulations require that US companies register for S-1 shares in order to list them on a national stock exchange like the Nasdaq.