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If the transaction goes through, SES and Intelsat will form a single company valued at about $10 billion including debt. In a statement to shareholders, SES SA (LuxSE: SESG), a Luxembourgish satellite telecommunications network provider, noted that it is in advanced merger talks with Intelsat S.A, a multinational satellite
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The project has three options: pursue a merger with another crypto project, greenlight its acquisition by another project or sunset its services entirely. Merger offers have come in from Spool DAO and Idle Finance, while DHEDGE and Origin Protocol are eyeing acquisitions of MStable. Source
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In mid-November 2022, Hut 8 stopped mining with 7,000 rigs at a site in North Bay, Ontario due to an ongoing dispute with its energy provider, Validus Power. Hut 8 has now removed all machines from the facility to a site in Medicine Hat, Alberta. Pressed about progress by analysts
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Crypto exchange FTX’s collapse and overall crypto market turmoil were not key factors in the decision to merge crypto mining firm Hut 8 with US Bitcoin Corp., according to Hut 8 CEO Jamie Leverton. On Feb. 8, Leverton said that the merger was mainly about providing diversified revenue and helping scale
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Cloud mining firm Bitfufu, one of Bitmain's crypto firms, is delaying for the second time its plans to go public via a special-purpose acquisition company (SPAC), according to a statement on Feb. 7. The company announced its plans to go public in January 2022 through a merger with the SPAC company
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Canada-based cryptocurrency mining company Hut 8 Mining has announced plans to merge with U.S. Bitcoin to form Hut 8 Corp, or "New Hut".In a Feb. 7 announcement, Hut 8 said the boards of directors of the two firms had unanimously approved a definitive business combination agreement aimed at combining the
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"This Transaction has given us the opportunity to leverage the significant, unencumbered Bitcoin stack we have HODLed to date," said Hut 8 CEO Jaime Leverton, adding that the firm will be selling a portion of its mined bitcoin to fund operations in the interim period. Source
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Gryphon previously terminated plans to go public via a reverse merger with Sphere 3D. Source
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The combined CryptoSlam and Forkast.news entity will devise creative means to attain profitability.In a bid to further cushion the growing strain in the digital currency ecosystem, Animoca Brands Founder and Chairman, Yat Siu has engineered the merger of CryptoSlam and Forkast.News, two of the companies in its portfolio. As reported
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Today, both WonderFi and Coinsquare are big players in the Canadian crypto industry.A Bloomberg report suggesting that WonderFi is in talks with Coinsquare over a potential merger has emerged. In that report, Bloomberg noted that the merger talks were advanced and an official announcement could follow in a few days.
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