Core Scientific Mining will go public on Nasdaq by merging with Power and Digital Infrastructure Acquisition Corp-SPAC, as we can see in our latest crypto news today.
Core Scientific is another crypto-focused company that has demonstrated its commitment to going public through its merger with SPAC. The company is a digital asset mining company aiming to become the next in the publicly traded crypto space with a valuation of $ 4.3 billion. Instead of going public, the company will merge with a SPAC called Power and Digital Infrastructure Acquisition corp.
The company is a cryptocurrency mining company with offices in several US states and plans to merge with Power and Acquieisotn Digital Infrastructure Corp. to be listed on the Nasdaq. After the deal, the estimated valuations of both sides will soar to more than $ 4 billion. However, the company did not provide any details about when the shares will be listed or what the ticker code will be. According to Darin Feinstein, co-founder and co-president of the company, Core’s blockchain infrastructure business is unmatched and is backed by more than 70 patents and applications related to blockchain and infrastructure.
Core CEO Mike Levitt said his company has mined over 3000 bitcoins so far this year and he has outlined huge demand for its products due to the company’s capacity. Sold out by 2022, it will join the growing number of digital asset representatives available for trading on major exchanges. Perhaps the biggest name to do this earlier this year was Coinbase when the American exchange was listed on the Nasdaq, valued at $ 100 billion. As Coinbase prepared for this move, Toro and Kraken showed similar intentions.
– Nuclear Science (@Core_Scientific) July 21, 2021
As recently reported, the crypto-mining focused Argo Blockchain wants a secondary listing on the Nasdaq, so when announcing the primary listing, it announced its intention to have a secondary listing superior to the Nasdaq. According to the statement, this new desire is part of a new strategy and operational upgrade in June 2021, as mining company Argo Blockchain mentioned that it has not yet made a decision on when to list. It is said that it is still unclear when the listing will take place. In addition, it becomes clear that market and other conditions influence the listing recommendations, so there is no definitive guarantee that listings are ready. In a move to upgrade, Argo Blockchain announced that the company had mined 167 BTC.
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