Timeline
- 7.5
Firmus plans Oct. 23 IPO in Australia to raise at least US$5 billion
Firmus Grid Ltd., an Australian bitcoin-mining firm that has pivoted into AI data-center operations, has priced its ASX initial public offering at A$11 per share, seeking to raise at least A$5 billion in what would be one of Australia's largest-ever IPOs. The pricing implies a valuation of about A$43.7 billion (US$30.3 billion), and the company's listing date has been moved to October 23. The offering would rank among Australia's largest-ever IPOs and puts a bitcoin-mining-origin company at the center of the AI and high-performance computing investment cycle, with the source citing Jane Street, Blackstone and Nvidia among its backers. The company is described as benefiting from surging demand for AI infrastructure in Asia-Pacific. The A$11 price is below the up-to-A$50 billion valuation previously expected, and the listing date was changed to October 23. The Chinese-language report states the raise target as US$5 billion, while the English-language market summary puts it at A$5 billion, with up to A$5.5 billion cited in some reports.
- 7.5
Blockchain.com targets $500 million IPO this year at up to $6 billion valuation
Bloomberg reported Monday that London-based crypto services company Blockchain.com is aiming to go public by the end of 2026, seeking to raise about $500 million at a valuation of $4 billion to $6 billion in discussions with prospective investors. Blockchain.com filed confidentially for an IPO with the U.S. Securities and Exchange Commission earlier this year. The reported listing would follow a quiet year for crypto IPOs, after a weak market in early 2026 prompted some companies to delay their plans. The confidential filing lets Blockchain.com begin the SEC review process before publicly disclosing financial details of the listing; no terms have been finalized, the report is based on people familiar with the matter, and Blockchain.com did not respond to CoinDesk's request for comment.