Core Scientific, a cryptocurrency mining company, is planning to list its shares on Nasdaq.
Core Scientific, the largest host of bitcoin mining machines in North America, plans to merge with the special purpose acquisition vehicle (SPAC) Power & Digital Infrastructure Acquisition, the company said in a statement.
The company will be valued about $4.3 billion.
The anchor investor in Power & Digital Infrastructure Acquisition is BlackRock, the world’s largest asset manager.
In May, Michael Levitt, the co-founder and chairman of Core Scientific, took over as CEO after Kevin Turner stepped down.
Levitt will continue as CEO after the combination.
The company also said it mined 928 BTC in the second quarter, taking its first-half tally to 1,683 BTC.
It forecast fiscal 2021 revenue of $493 million, and fiscal 2022 revenue of $1.1 billion.
The news was first reported by CNBC.
UPDATE (July 21, 13:46 UTC): Adds details on management, revenue forecasts.
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