Power & Digital Infrastructure Acquisition Corp. (XPDI) Merges With Core Scientific, Inc.
July 21, 2021
Power & Digital Infrastructure Acquisition Corp. (NASDAQ: XPDI) entered into a definitive merger agreement to combine with Core Scientific, creating a publicly listed company (Core Scientific, Inc.) on NASDAQ. The deal values the combined company at an implied pro forma enterprise value of about $4.3 billion and provides Core Scientific with capital to fund mining equipment purchases and infrastructure build-out as it scales blockchain hosting and digital asset mining operations.
- Buyers
- Power & Digital Infrastructure Acquisition Corp. (XPDI)
- Targets
- Core Scientific, Inc.
- Industry
- IT Services
- Location
- Texas, United States
- Transaction Type
- Buyout
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