Bitcoin Miner PrimeBlock Plans to Go Public With $1.25B SPAC Merger

Bitcoin miner PrimeBlock confirmed its plan to go public through a merger with 10X Capital Venture Acquisition Corp. II , a special purpose acquisition company , for an estimated enterprise value of $1.25 billion.report

. The SPAC was seeking to raise at least $150 million through private investment in public equity for the deal, the report added. PrimeBlock has secured a $300 million committed equity financing facility from CF Principal Investments LLC, an affiliate of Cantor Fitzgerald, the companyPrimeBlock generated $24.4 million in revenue for the fourth quarter of 2021 and has over 110 megawatts of installed data center capacity across its 12 facilities in North America.The miner said it currently sources about 60% of its power from non-carbon emitting sources and plans to offset the remainder. The power source is just above the 58.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a

Aoyon_A join $IDO gamefi，get $Btc $IDO TO THE MOON🚀🔥 $IDO 100$👍🔥🚀 IDOMETA Binance Gate.io Kucoin

Aoyon_A I will give this project maximum attention, in fact it is amazing! to The Moon 🌙 CMCX COREMultichain CMCX cmcx CoreMultichain coremultichain

Aoyon_A X-Metaverse is a 3D Star Wars game based on NFT+ blockchain exploration, mining,trading and battle. It allows players to collect,mine,breed,synthesize,battle, and trade token-based astronauts and battleships,called X-Metaverse.XMetaverse_ also has its own twitter Account.

Aoyon_A X-Metaverse is a 3D Star Wars game based on NFT+ blockchain exploration, mining,trading and battle. It allows players to collect,mine,breed,synthesize,battle, and trade token-based astronauts and battleships,called X-Metaverse.XMetaverse_ also has its own twitter Account.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canadian Oil Company to Allocate its Untapped Energy in Mining Bitcoin (Report)Bengal Energy plans to mine bitcoin utilizing energy released from 'stranded' gas wells. As soon as we do break the $47,000 barrier. Bitcoin will trade back at ATHs in no time! 🚀 Bitcoin I’d rather be in it than miss the growth Hodl Mt_49k is a super underrated bitcoiner I’ve been taking her tweets and TA seriously & I’ve been doing great Follow her
Source: Crypto_Potato - 🏆 568. / 51 Read more »