Bitcoin mining firm Core Scientific is going public via SPAC in a $4.3 billion deal

bitcoin mining firm core scientific is going public via spac in a 4 3 billion deal

Sumary of Bitcoin mining firm Core Scientific is going public via SPAC in a $4.3 billion deal:

  • Crypto mining firm Core Scientific is going public via a SPAC in a deal that values the combined entity at $4.3 billion.
  • The mining firm will merge with Power and Digital Infrastructure Acquisition Company.
  • Core Scientific operates proprietary mining facilities and hosts digital asset mining hardware for customers.
  • The mining firm will merge with Power and Digital Infrastructure Acquisition Company, whose anchor investor is BlackRock.
  • TOP VIDEOS FOR YOU Core Scientific owns four US facilities where it operates proprietary mining facilities and hosts bitcoin and other digital asset mining hardware for customers.
  • The proceeds from the SPAC merger are expected to fund mining equipment purchases of and infrastructure build out.

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