Bitcoin Miner PrimeBlock Plans to Go Public by Merging With 10X Capital: Report

Bitcoin Miner PrimeBlock Plans to Go Public by Merging With 10X Capital: Report
Bitcoin miner Prime Blockchain (PrimeBlock) is said to be in talks to merge with special purpose acquisition company (SPAC) 10X Capital Venture Acquisition, Bloomberg reported, citing people with knowledge of the matter.The SPAC is seeking to raise at least $150 million through private investment in public equity (PIPE) for the deal, which is set to take PrimeBlock public and value the combined entity at about $1.5 billion, Bloomberg said citing some of the sources.Bloomberg noted that the terms of the deal aren’t finalized and could still change, and it’s possible the talks will fall apart.A PrimeBlock spokesperson declined to comment…