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USD Coin (USDC) operator Circle has seen its valuation double to $9 billion after the company revised its merger agreement with Concord Acquisition Corp, a special purpose acquisition company (SPAC) founded in 2020.Circle announced Thursday that it had terminated its previous business combination terms with Concord and reached a new
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Apifiny Group, a digital asset trading network for institutional investors, announced plans to go public through a reverse merger with Abri SPAC I, Inc, a special purpose acquisition company. The transaction is expected to close in the third quarter, and Apifiny will then list on the Nasdaq. Source
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The merged firm will have pro forma value of $1.5 billion, 4.6 times the projected 2022 revenue, according to the release. Assuming that bitcoin prices go over $45,000, BitFuFu expects 2022 revenue to hit $330 million, up from $100 million in 2021, and its net income before deductions to be
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After less than a month of deliberation and voting, two decentralized autonomous organizations (DAOs) have consummated one of the highest-profile mergers in DeFi history.On Tuesday at Ethereum block height 13850929, a vote to merge Rari Capital and Fei Protocol was approved by members of both DAOs. The measure passed by
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The CEO of digital assets financial services firm Eqonex is to step down as the company holds talks on a potential merger or takeover.CEO Richard Byworth will step down with immediate effect and be replaced with chief operating officer Andrew Eldon on an interim basis, Eqonex announced Monday.Eqonex is“engaged in
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“With up to $15 trillion of wealth expected to flow into digital assets over the next 10 years, we are witnessing the birth of a new global asset class and economic system,” Aries Chairman Thane Ritchie said in the statement. “InfiniteWorld’s unparalleled technology infrastructure underscores the transition of commerce to
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Griid, an Ohio-based Bitcoin self-mining company, is the latest Bitcoin miner to list on the New York Stock Exchange (NYSE). It would go public by merging with Adit EdTech Acquisition Corp at a $3.3 billion enterprise valuation. Adit EdTech, a Special Purpose Acquisition Company (SPAC), announced the merger in a filing
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Griid Infrastructure, which owns and operates bitcoin mining facilities, is to list on the New York Stock Exchange through a merger with Adit EdTech Acquisition Corp.The combined enterprise value of the two companies is $3.3 billion, according to an announcement Tuesday.Cincinnati-based Griid has three facilities in the U.S. and aims
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Bitdeer Technologies Holding Company, a Singapore-based Bitcoin (BTC) mining corporation, has announced that it has entered into a definitive merger agreement with Blue Safari Group Acquisition Corp. for a business combination of Blue Safari and the miner. According to the announcement, the two firms are expected to merge and be
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Bitdeer Technologies, which operates five cryptocurrency mining data centers in the U.S. and Norway, announced its merger with special purpose acquisition company (SPAC) Blue Safari Group Acquisition Corp, on Thursday.The deal values Bitdeer at an implied enterprise value of approximately $4 billion and was unanimously approved by the boards of
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