RHDM News

Rhodium Enterprises, a US Bitcoin miner with energy-efficient liquid-cooled mining sites, withdrew its plans for an initial public offering on Tuesday. It had originally filed in October 2021 to raise $100 million by offering 7.7 million shares at a price range of $12 to $14, but postponed in January and had not updated its prospectus since then.  This past September, Rhodium...read more

Challenging conditions in the IPO market continued this past week. The two major deals on the calendar postponed, and the remaining micro-caps pushed back their debuts by a week. Seven SPACs completed offerings, and three IPOs and four SPACs submitted initial filings. Four Springs Capital Trust (FSPR) postponed its $252 million IPO, which was set to be the...read more

Rhodium Enterprises, a US Bitcoin miner with energy-efficient liquid-cooled mining sites, postponed its IPO on Thursday. It had filed to raise $100 million by offering 7.7 million shares at a price range of $12 to $14. Rhodium strives to create innovative technologies to be the most sustainable and cost-efficient producer of bitcoin in the industry. The cornerstone of the...read more

Five IPOs are slated to raise $457 million in the shortened holiday week ahead. REIT Four Springs Capital Trust (FSPR) plans to raise $252 million at a $603 million market cap. The company’s portfolio consists of 156 commercial properties across 32 states, focused on single-tenant, income producing industrial, medical, retail, and office properties. Four...read more