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Core Scientific reported the minting of 1,044 bitcoins in December 2021, contributing to a total of 5,769 bitcoins for the entire year, marking a 350% year-over-year increase. The company operated approximately 67,000 ASICs, achieving 6.6 EH/s at year-end and anticipates an additional 100,000 ASICs in 2022. Core Scientific also provided hosting for over 80,000 ASICs, representing 6.9 EH/s of the Bitcoin Network. As part of its merger with XPDI (Nasdaq: XPDI, XPDW, XPDIU), a special meeting for stockholder approval is set for January 19, 2022.
Power & Digital Infrastructure Acquisition Corp. (XPDI) announced that its registration statement on Form S-4 regarding its business combination with Core Scientific has been declared effective by the SEC. Stockholders as of December 7, 2021, are encouraged to vote for the transaction at the Special Meeting on January 19, 2022. The merger aims to create Core Scientific, Inc., with the expectation of trading on the Nasdaq under ticker symbols CORZ and CORZW. The combined entity will focus on blockchain infrastructure and digital asset mining.
Core Scientific, a leader in blockchain infrastructure, announced a partnership with the City of Denton, Texas, and Tenaska Energy to develop a 300MW blockchain data center. This facility, powered by emissions-free energy, will enhance Core Scientific's total capacity to over 800MW, maintaining 100% net carbon neutrality. The project is expected to create jobs and support the demand for renewable energy, demonstrating Core Scientific's scalability in the digital asset mining sector. CEO Mike Levitt highlighted the company's commitment to sustainable practices and community engagement.
Core Scientific Holding Co. announces a partnership with Atlas Mining to host a substantial number of Bitcoin miners requiring over 100 MW of power. The installation will unfold over 15 months. This collaboration highlights Core Scientific's expertise in customizable infrastructure and commitment to net carbon neutrality. The company operates data centers in North Carolina, Kentucky, and Georgia, with a new facility set to launch in North Dakota. The merger with Power & Digital Infrastructure Acquisition Corp. (XPDI) is in progress and aims for public listing.
Power & Digital Infrastructure Acquisition Corp. (NASDAQ: XPDIU) announced that starting April 5, 2021, shareholders can separate and trade their shares of Class A common stock and warrants from their initial public offering units. The IPO, completed on February 12, 2021, sold 34,500,000 units. Separated shares will trade under symbols XPDI and XPDIW on Nasdaq. No fractional warrants will be issued, and brokers must contact Continental Stock Transfer & Trust Company for separation. This announcement does not constitute an offer to sell securities.
Power & Digital Infrastructure Acquisition Corp. announced the successful closing of its upsized initial public offering (IPO) of 34,500,000 units at $10.00 each, totaling gross proceeds of $345,000,000. This includes the full exercise of the underwriters' over-allotment option for 4,500,000 units. The units consist of one share of Class A common stock and one-fourth of a warrant, which can be exercised for one share at $11.50. The units are listed on The Nasdaq under the ticker symbol XPDIU, with shares and warrants expected to trade under XPDI and XPDIW, respectively.
Power & Digital Infrastructure Acquisition Corp. announced the pricing of its upsized initial public offering (IPO) of 30,000,000 units at $10.00 per unit. The units will start trading on The Nasdaq Capital Market under the symbol "XPDIU" from February 10, 2021. Each unit will include one share of Class A common stock and one-fourth of a redeemable warrant, exercisable at $11.50 per share. The offering is expected to close on February 12, 2021, with underwriters granted a 45-day option for additional units. Forward-looking statements indicate uncertainties regarding the completion and proceeds of the offering.
