Bitcoin miner Primeblock revealed a SPAC merger with 10X Capital and the merger should be complete by the end of Q2 2022.
will join a number of mining operations that have already gone public. Companies such as Riot Blockchain and Marathon Digital Holdings are listed on Nasdaq.
Primeblock operates data centers in North America and the website explains it had 1,000 petahash of hashrate. That equates to 0.6% of Bitcoin’s global hashrate today and Primeblock details it has over 70 megawatts of capacity across the company’s mining facilities.
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