Compartir este artículo
Bitcoin Miner PrimeBlock Plans to Go Public by Merging With 10X Capital: Report
The potential deal would value the combined entity at about $1.5 billion, Bloomberg reported.
Por Aoyon Ashraf
Make us preferred on Google
Bitcoin miner Prime Blockchain (PrimeBlock) is said to be in talks to merge with special purpose acquisition company (SPAC) 10X Capital Venture Acquisition, Bloomberg reported, citing people with knowledge of the matter.
- The SPAC is seeking to raise at least $150 million through private investment in public equity (PIPE) for the deal, which is set to take PrimeBlock public and value the combined entity at about $1.5 billion, Bloomberg said citing some of the sources.
- Bloomberg noted that the terms of the deal aren’t finalized and could still change, and it’s possible the talks will fall apart.
- A PrimeBlock spokesperson declined to comment on the deal when reached by CoinDesk.
- On Aug. 13, 10X Capital Venture said it closed its $200 million initial public offering; it trades under the ticker VCXAU.
- The shares are up 11% in early trading on Thursday.
- On Nov. 4, PrimeBlock said it hired former Goldman Sachs crypto investment banker Gaurav Budhrani as its new CEO.
- Recently, bitcoin miner Iris Energy upsized its initial public offering (IPO), valuing the company at $1.5 billion. Meanwhile, Gryphon Digital Mining’s reverse merger with Sphere 3D to become public got delayed by a quarter.
Read more: Gryphon Digital Mining Delays Plan to Become Publicly Traded
STORY CONTINUES BELOW
No te pierdas otra historia.Suscríbete al boletín de Crypto Daybook Americas hoy. Ver todos los boletines
More For You
More For You
Specialized AI detects 92% of real-world DeFi exploits
New research claims specialized AI dramatically outperforms general-purpose models at detecting exploited DeFi vulnerabilities.
What to know:
- A purpose-built AI security agent detected vulnerabilities in 92% of 90 exploited DeFi contracts ($96.8 million in exploit value), compared with 34% and $7.5 million for a baseline GPT-5.1-based coding agent running on the same underlying model.
- The gap came from domain-specific security methodology layered on top of the model, not differences in core AI capability, according to the report.
- The findings come as prior research from Anthropic and OpenAI shows AI agents can execute end-to-end smart contract exploits at low cost, accelerating concerns that offensive AI capabilities are scaling faster than defensive adoption.
Top Stories
