BitFuFu, a prominent player in the cloud bitcoin mining industry, is making strides towards a public listing in the United States. Backed by Bitmain, the firm is eyeing an initial public offering (IPO) through a Special-Purpose Acquisition Company (SPAC) merger.
BitFuFu’s SPAC Merger
As per records submitted to the U.S. Securities and Exchange Commission (SEC) that was accepted on Wednesday, the company aims to list on the Nasdaq exchange under the ticker symbol “FUFU” following the news of their merger with Arisz Acquisition Corp. BitFuFu will issue 150M shares to Arisz shareholders for $10 each after merger.
The firm initially planned to go public in January 2022 through a merger…
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