3 Firms Guide Crypto Mining SPAC Deal Valued At $1.5B – Law360


By Elise Hansen (January 25, 2022, 4:51 PM EST) — Cryptocurrency mining company BitFuFu said Tuesday it plans to go public at a $1.5 billion enterprise value by merging with a blank-check company, in a deal guided by Wilson Sonsini, Harney Westwood and Loeb & Loeb.

Finfront Holding Co., which does business as BitFuFu, said the combination with Arisz Acquisition Corp. will likely be complete by the third quarter of this year. BitFuFu provides cryptocurrency mining services and cloud-mining services to institutional and individual customers, according to the announcement.

Cryptocurrency “mining” refers to the process of using computing power to help verify digital-asset transactions and create new tokens. BitFuFu says it…

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Read More: 3 Firms Guide Crypto Mining SPAC Deal Valued At $1.5B – Law360

Notify of
Inline Feedbacks
View all comments