Cloud mining firm BitFuFu postpones merger with SPAC until May
Cointelegraph
Published Feb 08, 2023 04:30PM ET
Updated Feb 08, 2023 06:00PM ET
Cloud mining firm Bitfufu, one of Bitmain's crypto firms, is delaying for the second time its plans to go public via a special-purpose acquisition company (SPAC), according to a statement on Feb. 7.
The company announced its plans to go public in January 2022 through a merger with the SPAC company Arisz Acquisition Corp, anticipating to be publicly listed in the third quarter of that year and a pro forma enterprise value of nearly $1.5 billion. The new decision will postpone the public listing to May, helping the companies to consummate the business combination.
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Written By: Cointelegraph
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