Power & Digital Infrastructure Acquisition Corp. (XPDI) to Combine with Core Scientific in $4.3Bn Deal

Power & Digital (NASDAQ:XPDI) has entered into a definitive agreement to combine with blockchain hosting and crypto mining firm Core Scientific at an enterprise value of $4.3 billion, or 8.8x its 2021E revenue. Bellevue, Washington-based Core Scientific hosts blockchain infrastructure through its own server network, which it also uses to mine Bitcoin and host outsourced
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