LandBridge Eyes Crypto Miners in Strategic Shift Amid $1.6 Billion IPO Launch

LandBridge, a U.S.-based firm specializing in land acquisition for oil and gas production, is now looking to attract crypto miners as part of its future strategy. This announcement coincides with the launch of its initial public offering (IPO) on Monday. On June 17, LandBridge revealed that it would offer 14.5 million shares, priced between $19 and $22 each, potentially reaching a valuation of up to $1.6 billion. The company plans to list on the NYSE under the ticker “LB.” According to regulatory filings, LandBridge owns approximately 220,000 surface acres in the Delaware subbasin of the Permian Basin, spanning Texas and

Source: CryptoIntelligence