Core Scientific, a Major U.S. Bitcoin Mining Company, is Going Public VIA SPAC

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.