BRIEF-Core Scientific To List On Nasdaq Through Merger With Power & Digital Infrastructure Acquisition

Reuters

Jul 21, 2021

July 21 (Reuters) - Power & Digital Infrastructure Acquisition Corp :

* CORE SCIENTIFIC, LARGEST BLOCKCHAIN HOSTING PROVIDER AND DIGITAL ASSET MINER IN NORTH AMERICA, TO LIST ON NASDAQ THROUGH MERGER WITH POWER & DIGITAL INFRASTRUCTURE ACQUISITION CORP.

* POWER & DIGITAL INFRASTRUCTURE ACQUISITION CORP - MERGER REPRESENTS A COMBINED COMPANY ENTERPRISE VALUE OF APPROXIMATELY $4.3 BILLION

* POWER & DIGITAL INFRASTRUCTURE ACQUISITION CORP - DEAL EXPECTED TO PROVIDE IN EXCESS OF $300 MILLION IN NET CASH PROCEEDS TO CORE SCIENTIFIC AT CLOSING

* POWER & DIGITAL INFRASTRUCTURE ACQUISITION CORP - EXISTING CORE SCIENTIFIC STOCKHOLDERS ARE RETAINING 100% OF THEIR EQUITY IN COMBINED COMPANY

* POWER & DIGITAL INFRASTRUCTURE ACQUISITION CORP - COMBINED CO IS EXPECTED TO OPERATE AS CORE SCIENTIFIC, INC.

* POWER & DIGITAL INFRASTRUCTURE ACQUISITION CORP - FOLLOWING CLOSE OF DEAL, COMBINED CO WILL CONTINUE TO BE LED BY MIKE LEVITT AS CO-CHAIRMAN & CEO

* POWER & DIGITAL INFRASTRUCTURE ACQUISITION CORP - CORE SCIENTIFIC STOCKHOLDERS WILL OWN ABOUT 89% SHARES OF COMBINED CO

* POWER & DIGITAL INFRASTRUCTURE ACQUISITION CORP - PROCEEDS FROM TRANSACTION ARE EXPECTED TO FUND MINING EQUIPMENT PURCHASES AND INFRASTRUCTURE

* POWER & DIGITAL INFRASTRUCTURE ACQUISITION CORP - XPDI PUBLIC STOCKHOLDERS WILL OWN ABOUT 8%, XPDI'S SPONSOR WILL OWN ABOUT 2% SHARES OF COMBINED CO

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2153649983"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2153649983\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2153649983?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-07-21 21:52","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2153649983","market":"us","top_or_hot":-1,"title":"BRIEF-Core Scientific To List On Nasdaq Through Merger With Power & Digital Infrastructure Acquisition","media":"Reuters","content":"<html><body><p>July 21 (Reuters) - Power &amp; Digital Infrastructure Acquisition Corp   :</p><p>   * CORE SCIENTIFIC, LARGEST BLOCKCHAIN HOSTING PROVIDER AND DIGITAL ASSET MINER IN NORTH AMERICA, TO LIST ON NASDAQ THROUGH MERGER WITH POWER &amp; DIGITAL INFRASTRUCTURE ACQUISITION CORP.</p><p>   * POWER &amp; DIGITAL INFRASTRUCTURE ACQUISITION CORP - MERGER REPRESENTS A COMBINED COMPANY ENTERPRISE VALUE OF APPROXIMATELY $4.3 BILLION</p><p>   * POWER &amp; DIGITAL INFRASTRUCTURE ACQUISITION CORP - DEAL EXPECTED TO PROVIDE IN EXCESS OF $300 MILLION IN NET CASH PROCEEDS TO CORE SCIENTIFIC AT CLOSING</p><p>   * POWER &amp; DIGITAL INFRASTRUCTURE ACQUISITION CORP - EXISTING CORE SCIENTIFIC STOCKHOLDERS ARE RETAINING 100% OF THEIR EQUITY IN COMBINED COMPANY</p><p>   * POWER &amp; DIGITAL INFRASTRUCTURE ACQUISITION CORP - COMBINED CO IS EXPECTED TO OPERATE AS CORE SCIENTIFIC, INC.</p><p>   * POWER &amp; DIGITAL INFRASTRUCTURE ACQUISITION CORP - FOLLOWING CLOSE OF DEAL, COMBINED CO WILL CONTINUE TO BE LED BY MIKE LEVITT AS CO-CHAIRMAN &amp; CEO</p><p>   * POWER &amp; DIGITAL INFRASTRUCTURE ACQUISITION CORP -  CORE SCIENTIFIC STOCKHOLDERS WILL OWN ABOUT 89%  SHARES OF COMBINED CO</p><p>   * POWER &amp; DIGITAL INFRASTRUCTURE ACQUISITION CORP - PROCEEDS FROM TRANSACTION ARE EXPECTED TO FUND MINING EQUIPMENT PURCHASES AND INFRASTRUCTURE</p><p>   * POWER &amp; DIGITAL INFRASTRUCTURE ACQUISITION CORP - XPDI PUBLIC STOCKHOLDERS WILL OWN ABOUT 8%, XPDI'S SPONSOR WILL OWN ABOUT 2% SHARES OF COMBINED CO</p><p>Source text for Eikon:    Further company coverage:   </p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BRIEF-Core Scientific To List On Nasdaq Through Merger With Power & Digital Infrastructure Acquisition</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBRIEF-Core Scientific To List On Nasdaq Through Merger With Power & Digital Infrastructure Acquisition\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-21 21:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>July 21 (Reuters) - Power &amp; Digital Infrastructure Acquisition Corp   :</p><p>   * CORE SCIENTIFIC, LARGEST BLOCKCHAIN HOSTING PROVIDER AND DIGITAL ASSET MINER IN NORTH AMERICA, TO LIST ON NASDAQ THROUGH MERGER WITH POWER &amp; DIGITAL INFRASTRUCTURE ACQUISITION CORP.</p><p>   * POWER &amp; DIGITAL INFRASTRUCTURE ACQUISITION CORP - MERGER REPRESENTS A COMBINED COMPANY ENTERPRISE VALUE OF APPROXIMATELY $4.3 BILLION</p><p>   * POWER &amp; DIGITAL INFRASTRUCTURE ACQUISITION CORP - DEAL EXPECTED TO PROVIDE IN EXCESS OF $300 MILLION IN NET CASH PROCEEDS TO CORE SCIENTIFIC AT CLOSING</p><p>   * POWER &amp; DIGITAL INFRASTRUCTURE ACQUISITION CORP - EXISTING CORE SCIENTIFIC STOCKHOLDERS ARE RETAINING 100% OF THEIR EQUITY IN COMBINED COMPANY</p><p>   * POWER &amp; DIGITAL INFRASTRUCTURE ACQUISITION CORP - COMBINED CO IS EXPECTED TO OPERATE AS CORE SCIENTIFIC, INC.</p><p>   * POWER &amp; DIGITAL INFRASTRUCTURE ACQUISITION CORP - FOLLOWING CLOSE OF DEAL, COMBINED CO WILL CONTINUE TO BE LED BY MIKE LEVITT AS CO-CHAIRMAN &amp; CEO</p><p>   * POWER &amp; DIGITAL INFRASTRUCTURE ACQUISITION CORP -  CORE SCIENTIFIC STOCKHOLDERS WILL OWN ABOUT 89%  SHARES OF COMBINED CO</p><p>   * POWER &amp; DIGITAL INFRASTRUCTURE ACQUISITION CORP - PROCEEDS FROM TRANSACTION ARE EXPECTED TO FUND MINING EQUIPMENT PURCHASES AND INFRASTRUCTURE</p><p>   * POWER &amp; DIGITAL INFRASTRUCTURE ACQUISITION CORP - XPDI PUBLIC STOCKHOLDERS WILL OWN ABOUT 8%, XPDI'S SPONSOR WILL OWN ABOUT 2% SHARES OF COMBINED CO</p><p>Source text for Eikon:    Further company coverage:   </p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"QQQ","symbol_name":"纳指100ETF","start_time":0,"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2153649983","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2153649983","pubTimestamp":1626875546,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"July 21 (Reuters) - Power & Digital Infrastructure Acquisition Corp   :   * CORE SCIENTIFIC, LARGEST","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"QQQ":"纳指100ETF","SQQQ":"纳指三倍做空ETF","PSQ":"做空纳斯达克100指数ETF-ProShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares","XPDIU":"Power & Digital Infrastructure Acquisition Corp.","TQQQ":"纳指三倍做多ETF",".IXIC":"NASDAQ Composite","QID":"两倍做空纳斯达克指数ETF-ProShares","NDAQ":"纳斯达克OMX交易所"},"translate_title":"简讯-核心科技通过与电力合并在纳斯达克上市&收购数字基础设施","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NDAQ":1,"QQQ":0.6,"PSQ":0.6,"MNQmain":0.6,"TQQQ":0.6,"SQQQ":0.6,"XPDIU":1,"XPDI":0.9,".IXIC":1,"QID":0.6,"NQmain":1,"QLD":0.6},"content_text":"July 21 (Reuters) - Power & Digital Infrastructure Acquisition Corp   :   * CORE SCIENTIFIC, LARGEST BLOCKCHAIN HOSTING PROVIDER AND DIGITAL ASSET MINER IN NORTH AMERICA, TO LIST ON NASDAQ THROUGH MERGER WITH POWER & DIGITAL INFRASTRUCTURE ACQUISITION CORP.   * POWER & DIGITAL INFRASTRUCTURE ACQUISITION CORP - MERGER REPRESENTS A COMBINED COMPANY ENTERPRISE VALUE OF APPROXIMATELY $4.3 BILLION   * POWER & DIGITAL INFRASTRUCTURE ACQUISITION CORP - DEAL EXPECTED TO PROVIDE IN EXCESS OF $300 MILLION IN NET CASH PROCEEDS TO CORE SCIENTIFIC AT CLOSING   * POWER & DIGITAL INFRASTRUCTURE ACQUISITION CORP - EXISTING CORE SCIENTIFIC STOCKHOLDERS ARE RETAINING 100% OF THEIR EQUITY IN COMBINED COMPANY   * POWER & DIGITAL INFRASTRUCTURE ACQUISITION CORP - COMBINED CO IS EXPECTED TO OPERATE AS CORE SCIENTIFIC, INC.   * POWER & DIGITAL INFRASTRUCTURE ACQUISITION CORP - FOLLOWING CLOSE OF DEAL, COMBINED CO WILL CONTINUE TO BE LED BY MIKE LEVITT AS CO-CHAIRMAN & CEO   * POWER & DIGITAL INFRASTRUCTURE ACQUISITION CORP -  CORE SCIENTIFIC STOCKHOLDERS WILL OWN ABOUT 89%  SHARES OF COMBINED CO   * POWER & DIGITAL INFRASTRUCTURE ACQUISITION CORP - PROCEEDS FROM TRANSACTION ARE EXPECTED TO FUND MINING EQUIPMENT PURCHASES AND INFRASTRUCTURE   * POWER & DIGITAL INFRASTRUCTURE ACQUISITION CORP - XPDI PUBLIC STOCKHOLDERS WILL OWN ABOUT 8%, XPDI'S SPONSOR WILL OWN ABOUT 2% SHARES OF COMBINED COSource text for Eikon:    Further company coverage:    ((Reuters.Briefs@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}