10X Capital Venture II (VCXA) to Combine with PrimeBlock in $1.25Bn Deal

Apr 1, 2022 INTEL by Nicholas Alan Clayton

10X Capital II (NASDAQ:VCXA) has entered into a definitive agreement to combine with crypto mining hardware firm PrimeBlock at an enterprise value of $1.25 billion, or 8.5x its 2022E adjusted EBITDA. San Francisco-based PrimeBlock is working to build out a network of crypto-mining data centers both for its own mine operations and offered to partners
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10X Capital Venture II (VCXA) to Combine with PrimeBlock in $1.25Bn Deal

10X Capital Venture II (VCXA) to Combine with PrimeBlock in $1.25Bn Deal

ByNicholas Alan Clayton