Bitcoin Mining firm BitFuFu is eyeing an initial public offering in the US via a SPAC merger. The company had previously filled a form F-4 with the SEC which was approved today, strengthening the chances of the firm going public. The IPO will also come at a time when Bitcoin Mining has been steadily increasing in the past year.
BitFuFu to go public via SPAC
BitFuFu’s SPAC deal and subsequent IPO also indicate a mainstream acceptance and demand for Bitcoin companies. The upcoming performance of major publicly listed crypto companies also cements the idea that the market has grown more curious about crypto firms.
BitFuFu had previously filled out an F-4 form with the SEC in December of 2023. The filing was accepted on Wednesday indicating that the company will soon proceed with the deal and the IPO. According to the same filing, BitFuFu will now trade under the ticker FUFU on Nasdaq.
In the first half of 2023, BitFuFu made $134 million in revenue from cloud mining and proprietary minin
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