{"id":10525,"date":"2024-02-08T10:30:10","date_gmt":"2024-02-08T08:30:10","guid":{"rendered":"https:\/\/forklog.com\/en\/bitfufu-to-debut-on-nasdaq-via-spac-merger\/"},"modified":"2024-02-08T10:30:10","modified_gmt":"2024-02-08T08:30:10","slug":"bitfufu-to-debut-on-nasdaq-via-spac-merger","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitfufu-to-debut-on-nasdaq-via-spac-merger\/","title":{"rendered":"BitFuFu to Debut on Nasdaq via SPAC Merger"},"content":{"rendered":"<p>BitFuFu, a cloud mining service provider affiliated with Bitmain, <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1921158\/999999999524000326\/xslEFFECTX01\/primary_doc.xml\">will go public<\/a> through a merger with the <span data-descr=\"special-purpose acquisition company, \u0441\u043f\u0435\u0446\u0438\u0430\u043b\u0438\u0437\u0438\u0440\u043e\u0432\u0430\u043d\u043d\u0430\u044f \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u044f \u043f\u043e \u0446\u0435\u043b\u0435\u0432\u044b\u043c \u0441\u043b\u0438\u044f\u043d\u0438\u044f\u043c \u0438 \u043f\u043e\u0433\u043b\u043e\u0449\u0435\u043d\u0438\u044f\u043c\" class=\"old_tooltip\">SPAC<\/span> Arisz Acquisition Corp.<\/p>\n<p>According to the approved form F-4 by the <span data-descr=\"\u041a\u043e\u043c\u0438\u0441\u0441\u0438\u044f \u043f\u043e \u0446\u0435\u043d\u043d\u044b\u043c \u0431\u0443\u043c\u0430\u0433\u0430\u043c \u0438 \u0431\u0438\u0440\u0436\u0430\u043c \u0421\u0428\u0410\" class=\"old_tooltip\">SEC<\/span>, shares of the merged company will be traded on Nasdaq under the ticker FUFU.<\/p>\n<p>The business merger is set to occur by February 24, 2024, following approval by a special meeting of Arisz shareholders.<\/p>\n<p>In the first half of 2023, BitFuFu mined 2253 BTC and generated $134 million in revenue.<\/p>\n<p>As of June 30, the firm&#8217;s managed hashrate was 15.2 EH\/s, with nearly 80% of this capacity provided by equipment leased from Bitmain.<\/p>\n<p>The miner manufacturer holds a 5% stake in BitFuFu and received nearly $90 million in the first half of 2023 from the subsidiary&#8217;s total revenue as payments for leasing and hosting.<\/p>\n<p>BitFuFu noted that Bitmain is a private enterprise that does not disclose financial statements and exerts significant influence over the subsidiary&#8217;s operations.<\/p>\n<p>Earlier in 2022, BitFuFu announced its intention to go public through a merger with Arisz.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BitFuFu, a cloud mining service provider affiliated with Bitmain, will go public through a merger with the SPAC Arisz Acquisition Corp. According to the approved form F-4 by the SEC, shares of the merged company will be traded on Nasdaq under the ticker FUFU. The business merger is set to occur by February 24, 2024, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10524,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,768,26],"class_list":["post-10525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-nasdaq","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"8","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10525","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=10525"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10525\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/10524"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=10525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=10525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=10525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}