Exiting development of key asset
“We are delighted that Rhodium is planning to go public. Our early belief in the Rhodium team has been proven right, and we are confident that the market will be enthusiastic about this IPO. Currently we are awaiting the final filings with the SEC, before we can fully inform of the value of this investment” says Thomas Christensen, Chief Executive Officer.
Rhodium 30MW, a bitcoin mining venture, was one of the assets from the transaction forming DLT ASA in March 2021. DLTx has since participated in a roll-up where the holding in Rhodium 30MW was exchanged for a holding in Rhodium Enterprises. The roll-up in the second quarter of 2021 valued DLTx’s interest at USD 16 million, up 32% from March 2021.
“Rhodium Enterprises serves as another example on how DLTx is a frontrunner in our field and proof that we are able to identify profitable ventures. Our goal is to create value for our shareholders by partnering with best-in-class teams and companies in our core sectors. A successful listing will provide opportunities for the company and substantially increase the liquidity of our asset. The IPO follows the successful establishment of our first Filecoin storage provider and the very successful investment in Blockchain Moon Acquisition Corp“, Christensen concludes.