BitFuFu to go public on Nasdaq following merger with Arisz Acquisition
@sanor016 #sanor016CommUNITY BitFuFu, a leading cryptocurrency mining company, has announced its intention to become a publicly traded entity on the Nasdaq stock exchange following a merger with Arisz Acquisition Corp.
This development marks a significant milestone in the digital asset mining industry, with the merger receiving approval from the shareholders of both companies on Feb. 28, 2024.
The newly formed entity, BitFuFu Inc., is set to begin trading under the ticker symbols “FUFU” for its Class A ordinary shares and “FUFUW” for its warrants starting March 1, 2024.
BitFuFu had previously received investment from Bitmain and established an exclusive strategic partnership dedicated to cloud mining.
Per the announcement, with the recent funding, the firm aims to increase its global reach within the digital asset sector, utilizing its advanced technological platform and mining machinery.
Leo Lu, the founder and CEO of BitFuFu, expressed his gratitude towards the stakeholders for their support in reaching this significant milestone. He highlighted the company’s dedication to corporate governance and transparency as it transitions into a publicly listed entity.
The funds from this transaction will be utilized to enhance BitFuFu’s cloud-mining, self-mining, and miner-hosting services.
Echo Hindle-Yang, the Chairwoman and CEO of Arisz Acquisition Corp., emphasized the importance of this Nasdaq listing in strengthening BitFuFu’s market position through its innovative technology and strategic partnership with Bitmain.
“Under the leadership of Leo, the BitFuFu team is poised to enhance its market dominance, thanks to its industry-leading technology platform and advanced mining machines, uniquely supplied by Bitmain as their exclusive strategic partner,” she added.
#Write2Earn