Sunday, September 8, 2024
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Listing for crypto mining giant on Nasdaq

Core Scientific, a bitcoin mining company, has gone public. The blockchain infrastructure company went public on the Nasdaq stock exchange on January 20 under the tickers “CORZ” and “CORZW,” respectively, for its shares and warrants. Core Scientific made the announcement after completing a SPAC merger with Power & Digital Infrastructure Acquisition Corp. (“XPDI”).

Mike Levitt, co-chairman and CEO of Core Scientific, said the move signals a critical milestone in the company’s objective to expand its capacity. He goes on to say that the company is more enthused about what would happen after the relocation.

Core Scientific is a carbon-neutral blockchain infrastructure provider, generating more than half of its energy from non-carbon emitting local sources.

Hmm, that is some smell of a new listing. Wrap!

Kunal Krishan
Kunal Krishan
Kunal is an investment space writer who firmly believes investment is something which should not be a choice but a part of everyone's life.
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