Core Scientific, the largest digital asset miner and blockchain hosting provider in North America, will be listed publicly on the NASDAQ exchange through a merger with Power & Digital Infrastructure Corp (XPDI). The combined company will now operate as Core Scientific, and the merger will set the company’s pro forma enterprise value at $4.3 billion.
Founder and Chairman of Core Scientific Darin Feinstein noted that the company’s “blockchain infrastructure business is unparalleled, backed by more than 70 blockchain and infrastructure-related patents and applications.” Through 2022, Core Scientific will look to add capacity to its existing mining fleets and build operations in one or two more states.
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