Mining company Celsius Mining, a subsidiary of crypto lending platform Celsius Network, has secretly filed an S-1 application with the US Securities and Exchange Commission (SEC). public offering.

“The registration statement is expected to go into effect after the SEC completes its review process, subject to market and other conditions,” the press release said.

Placement options are not disclosed.

In June 2021, the crypto lending platform announced that it had invested more than $200 million in bitcoin mining in North America. In November, Celsius Network CEO Alex Mashinsky announced that an additional $300 million has been earmarked for these purposes.

The company previously raised $400 million at a valuation of $3 billion after regulators’ allegations regarding the sale of unregistered securities. Accusations were made by the states of Texas, New Jersey, Alabama, and Kentucky.

In May 2022, media reported that Celsius had withdrawn nearly $500 million worth of assets from the Anchor protocol during the collapse of the algorithmic stablecoin UST.

Recall that in April, the price of shares of mining companies fell much stronger than bitcoin, according to the ForkLog report.