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New Deal


Announced

Bitmain-backed BitFuFu to go public via a SPAC merger with Arisz Acquisition in a $1.5bn deal.

Financials

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Transaction Value£1,110m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Friendly

Reverse Takeover

China

Single Bidder

mining services

Pending

Majority

Computer Hardware

De-SPAC

Acquisition

Merger

Private

Synopsis

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Bitmain-backed BitFuFu, a fast-growing digital asset mining service and cloud-mining service provider, agreed to go public via a SPAC merger with Arisz Acquisition in a $1.5bn deal. "Leo and his team have made remarkable contributions to Bitmain and I have strong faith in his ability to lead BitFuFu to the next level. BitFuFu is the only cloud-mining strategic partner of Bitmain to date, and I look forward to further strengthening our business partnership with BitFuFu in the foreseeable future. I would like to congratulate Mr. Lu and his team for achieving today's milestone," Clark Du, Bitmain President.

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