Bitcoin Mining Company Rhodium Looking to Go Public Via SilverSun Merger

The Texas-based bitcoin mining giant is entering a merger agreement with SilverSun Technologies, a publicly-traded business technology solutions provider, as Rhodium is planning to list on Nasdaq after an initial delay.

Part of the terms of the deal includes each SilverSun shareholder will receive a cash dividend of a minimum of $1.50 per share, approximately equal to $8.5 million. The shareholders will also get one share of a stock dividend in a newly created SilverSun subsidiary called SWK Technologies.“We believe this strategic transaction will unlock long-term accretive value for Rhodium’s shareholders. We believe access to U.S.

“We also believe that it provides our stockholders with the opportunity to realize a substantial upfront cash payment while continuing to benefit from the value of our existing businesses and provides them with the opportunity to participate in the potential upside of Rhodium at an exciting time for the cryptocurrency market.”

Rhodium, which develops proprietary software and liquid cooling technology to self-mine bitcoin, has been planning an initial public offering since 2021. However, the companyCrypto Winter Affecting Bitcoin Mining Companies

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