“Core Scientific, a major U.S. bitcoin mining company, is going public via SPAC”
July 21, 2021
“Cryptocurrency mining operator Core Scientific said Wednesday it is listing on the Nasdaq through a merger with Power & Digital Infrastructure Acquisition Corp. The deal with the special purpose acquisition company values Core Scientific at roughly $4.3 billion.
It’s not clear when trading will begin. The ticker name was not announced. Core, which has operations in North Dakota, North Carolina, Georgia, and Kentucky, is one of the largest providers of blockchain infrastructure and hosting, as well as one of the largest digital asset miners, in North America. Rival bitcoin miners Riot Blockchain and Marathon Digital have market capitalizations of $2.18 billion and $2.25 billion, respectively…”
https://www.cnbc.com/2021/07/21/cryptomining-operator-core-scientific-going-public-via-spac.html