Miner Applied Blockchain files for NASDAQ IPO

Major Bitcoin miner Applied Blockchain applied for an IPO (Initial Public Offering) on the NASDAQ this week. This move comes as part of a trend wherein crypto companies are moving to capital markets to raise funds for Web3 projects. As per the SEC filing, Applied Blockchain is looking to raise $60 million through the public offering, with an additional option for underwriters to purchase up to 15% additional stock.