Cloud Bitcoin Mining Firm BitFuFu Seeks Public Listing
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. The firm initially planned to go public in January 2022 through a merger with Arisz Acquisition Corp. The anticipated debut on the stock market was set for the third quarter with a pro forma enterprise value of almost $1.5 billion.
