Bitcoin miner PrimeBlock plans to go public via $1.25 billion SPAC deal - BitcoinEthereumNews.com
Bitcoinबिटकॉइन माइनर प्राइमब्लॉक $ 1.25 बिलियन SPAC सौदे के माध्यम से सार्वजनिक होने की योजना बना रहा है04 / 02 / 2022बिटकॉइन एथेरियम समाचार Crypto miner PrimeBlock anounced its intention to be listed on the Nasdaq stock exchange by merging with 10X Capital Venture Acquisition Corp. II, a special purpose acquisition company (SPAC) and a subsidiary of 10X Capital. The combined company will be valued at an estimated $1.25 billion and the goal is for the merger be completed by the second half of 2022, according to the anouncement. As the company plans to go public via the use of a SPAC, the Securities and Exchange Commission is considering new rules for these companies that would heighten disclosure standards, making the process more similar to a traditional initial public offering (IPO). Companies that have chosen this route include चक्र, Coincheck, उदासीनता और बिटडेयर. अपना क्रिप्टो दैनिक संक्षिप्त प्राप्त करेंn दैनिक वितरित, सीधे आपके इनबॉक्स में। 10X Capital and PrimeBlock also said they have secured a $300 million committed equity financing facility from CF Principal Investments LLC. In the fourth quarter of 2021, PrimeBlock brought in $24.4 million in revenue, the company said. It currently owns over 110 megawatts of mining capacity across 12 sites, which it uses for