Bitcoin miner PrimeBlock confirmed its plan to go public through a merger with 10X Capital Venture Acquisition Corp. II, a special purpose acquisition company, for an estimated enterprise value of $1.25 billion. By Aoyon_A
Bitcoin miner PrimeBlock confirmed its plan to go public through a merger with 10X Capital Venture Acquisition Corp. II , a special purpose acquisition company , for an estimated enterprise value of $1.25 billion.report
. The SPAC was seeking to raise at least $150 million through private investment in public equity for the deal, the report added. PrimeBlock has secured a $300 million committed equity financing facility from CF Principal Investments LLC, an affiliate of Cantor Fitzgerald, the companyPrimeBlock generated $24.4 million in revenue for the fourth quarter of 2021 and has over 110 megawatts of installed data center capacity across its 12 facilities in North America.The miner said it currently sources about 60% of its power from non-carbon emitting sources and plans to offset the remainder. The power source is just above the 58.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Canadian Oil Company to Allocate its Untapped Energy in Mining Bitcoin (Report)Bengal Energy plans to mine bitcoin utilizing energy released from 'stranded' gas wells.
Consulte Mais informação »
Exxon Mobil puts its wasted 'flare gas' to good use. By mining bitcoin?ExxonMobil has been working with Crusoe Energy Systems to turn wasted energy, or flare gas, into electricity used to power thousands of bitcoin miners.
Consulte Mais informação »
Cleanspark Reveals Texas Expansion — Bitcoin Miner Plans to Add 500 MW of Mining Power – Mining Bitcoin NewsBitcoin miner Cleanspark has revealed the company is expanding operations in Texas with up to 500 megawatts (MW) of renewable power.
Consulte Mais informação »
Bitcoin Miner Greenidge Q4 Revenue Matches Estimate; Reiterates Hashrate GuidanceBitcoin miner Greenidge_GREE fourth quarter revenue and adjusted EBITDA match analyst estimates, while the miner reiterated its year-end hashrate guidance. Reports Aoyon_A
Consulte Mais informação »
SEC Unveils New SPAC Rules Targeting 'Unreasonable' Financial Projections And Requiring More DisclosuresSPAC stocks have plunged some 33% over the past year, while the S&P 500 has climbed 17%.
Consulte Mais informação »
SEC proposes new rules, heightened disclosures for SPACsThe SEC is starting the process of putting its foot down on special purpose acquisition companies in the form of a rule change proposal.
Consulte Mais informação »