The bitcoin mining startup Primeblock has announced plans to go public via a special purpose acquisition company (SPAC) deal. Primeblock will merge with a blank-check firm 10X Capital Venture Acquisition Corp. II, and the company’s shares will be listed on Nasdaq. Primeblock Reveals SPAC Merger With Plans to Be Listed on Nasdaq in the Second […]
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The company forecasts it will generate up to $98 million in annual revenue.
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The merger could result in a valuation of the two firms at roughly $1.5 billion following a $150 million fundraising round from 10X Capital Venture.
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