Blockchain cloud infrastructure company W3BCloud to go public via $1.25B SPAC

Blockchain cloud infrastructure company W3BCloud to go public via $1.25B SPAC


On Monday, W3BCloud, a firm building global data centers for the Web3 and blockchain sectors, announced that it was going public via takeover by special purpose acquisition vehicle (SPAC) Social Leverage Acquisition Corp I. ‍

Social Leverage Acquisition Corp I is listed on the New York Stock Exchange, has $345 million in trust and has received commitments from AMD, ConsenSys, SK Inc., and others for an additional $50 million in new investments. The combined transaction will value W3BCloud at $1.25 billion. 

Last year, W3BCloud’s seven data centers, all of which are located in the United States, generated $40 million in sales, with 85% operating on renewable energy. Joseph Lubin, founder of ConsenSys and co-founder of Ethereum, currently serves on W3BCloud’s board of directors. The firm is tailored to

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