{"id":11242,"date":"2024-03-01T19:47:35","date_gmt":"2024-03-01T17:47:35","guid":{"rendered":"https:\/\/forklog.com\/en\/bitfufu-lists-on-nasdaq-via-spac-merger\/"},"modified":"2024-03-01T19:47:35","modified_gmt":"2024-03-01T17:47:35","slug":"bitfufu-lists-on-nasdaq-via-spac-merger","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitfufu-lists-on-nasdaq-via-spac-merger\/","title":{"rendered":"BitFuFu Lists on Nasdaq via SPAC Merger"},"content":{"rendered":"<p>BitFuFu, a cloud mining service provider affiliated with Bitmain, has gone public through a reverse merger with the <span data-descr=\"special purpose acquisition company\" class=\"old_tooltip\">SPAC<\/span> Arisz Acquisition Corp.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We are excited to be <a href=\"https:\/\/twitter.com\/NasdaqExchange?ref_src=twsrc%5Etfw\">@NasdaqExchange<\/a> !<a href=\"https:\/\/t.co\/dnsi7H4EdO\">https:\/\/t.co\/dnsi7H4EdO<\/a><\/p>\n<p>\u2014 BitFuFu (@BitFuFuOfficial) <a href=\"https:\/\/twitter.com\/BitFuFuOfficial\/status\/1763572527488745950?ref_src=twsrc%5Etfw\">March 1, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to a <a href=\"https:\/\/www.globenewswire.com\/news-release\/2024\/02\/29\/2838456\/0\/en\/BitFuFu-Completes-Business-Combination-with-Arisz-Acquisition-Corp.html\">press release<\/a>, the company&#8217;s revenues rose to $198.2 million in the first half of 2023. BitFuFu manages 131,000 miners, with a total hash rate of 15.2 EH\/s across 17 facilities as of June 30, 2023.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAs part of the business combination, BitFuFu received $74 million in private investment in public equity from existing shareholders and strategic partners, including Bitmain and AntPool,\u201d company representatives stated.<\/p>\n<\/blockquote>\n<p>The leadership of BitFuFu, headed by founder Leo Lu, will continue to manage the company.<\/p>\n<p>The provider&#8217;s plans to go public through a merger with Arisz were announced in early 2022.<\/p>\n<p>In April 2023, Bitdeer listed on Nasdaq via a reverse merger with a SPAC. The combined firm&#8217;s shares were given the ticker BTDR.<\/p>\n<p>Previously, blockchain hosting provider Core Scientific and mining company <a href=\"https:\/\/forklog.com\/en\/news\/griid-mining-company-debuts-on-nasdaq\">GRIID<\/a> also achieved public status through similar means.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BitFuFu, a cloud mining service provider affiliated with Bitmain, has gone public through a reverse merger with the SPAC Arisz Acquisition Corp. We are excited to be @NasdaqExchange !https:\/\/t.co\/dnsi7H4EdO \u2014 BitFuFu (@BitFuFuOfficial) March 1, 2024 According to a press release, the company&#8217;s revenues rose to $198.2 million in the first half of 2023. BitFuFu manages [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11241,"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":[1137,1235,768,1211],"class_list":["post-11242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-mergers-and-acquisitions","tag-nasdaq","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"39","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11242","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=11242"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11242\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/11241"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=11242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=11242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=11242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}