Crypto miner PrimeBlock reportedly plans to go public through 10X Capital merger

Crypto miner PrimeBlock reportedly plans to go public through 10X Capital merger


Prime Blockchain, also known as PrimeBlock, is reportedly preparing for a public offering in the United States through a special-purpose acquisition company, or SPAC. 

In a Thursday report, Bloomberg said Bitcoin (BTC) mining firm PrimeBlock is currently discussing going public in the U.S. through a merger with 10X Capital Venture Acquisition Corp II. Though the terms of the deal are reportedly not yet finalized, the merger could result in a valuation of the two firms at roughly $1.5 billion following a $150 million fundraising round from the venture capital firm.

A crypto mining company based in the United States, PrimeBlock rolled out its first operations in Tennessee and North Carolina in September. The firm announced on Nov. 4 it had appointed Goldman Sachs veteran Gaurav Budhrani as

Trending: Alleged Epstein madam Ghislaine Maxwell on trial — here’s what to expect

Continue reading

You Might Like

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend