Cloud Miner BitFuFu Looks at US Listing via SPAC Merger

Posted on by American Coins & Gold

Cloud Miner BitFuFu Looks at US Listing via SPAC Merger
Bitmain-backed cloud mining platform BitFuFu is preparing to go public in the U.S. through a merger with special-purpose acquisition vehicle Arisz Acquisition Corp.The combined company is expected to be renamed to BitFuFu Inc and will be listed on the Nasdaq in Q3 under the ticker FUFU, according to a press release shared with CoinDesk.The transaction includes a $70 million fully committed investment, led by Bitmain and mining pool firm Antpool, at $10 per share, the statement said. The merger will bring in over $129 million in net cash proceeds for BitFuFu, according to the press release.The merged firm will have…