Core Scientific Holding Co. ("Core Scientific" or the "Company"), a leader in customizable infrastructure and software solutions to large scale customers for blockchain hosting and digital asset mining, and Power & Digital Infrastructure Acquisition Corp. (Nasdaq: XPDI), a publicly traded special purpose acquisition company, today announced they have entered into a definitive merger agreement pursuant to which XPDI will acquire the Company (the "Transaction"). As a result of the Transaction, which values the Company at a pro forma enterprise value of approximately $4.3 billion, the combined company is expected to ... (full story)

U.S. bitcoin mining and colocation provider Core Scientific has said it's going public via a merger deal. The firm said in an announcement on Wednesday that it has entered a definitive merger agreement that will see it acquired by Nasdaq-listed Power & Digital Infrastructure Acquisition Corp (XPDI), whose anchor investor is the asset manager BlackRock. After the transaction, the two will operate as Core Scientific and remain public on the Nasdaq stock exchange with a boosted valuation of about $4.3 billion. In addition, Core Scientific said it also has a pending acquisition of Blockcap, another bitcoin mining firm ... (full story)