Fortune Rise (FRLA) to Combine with VCV Digital in $294M Deal

Fortune Rise (NASDAQ:FRLA) has entered into a definitive agreement to combine with crypto mining business VCV Digital Technology at an enterprise value of $294 million, or 2.4x its 2023E EBITDA. New York City-based VCV Digital provides computing infrastructure for crypto and Web3 networks and it plans a major expansion of bitcoin mines on its platform
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