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TeraWulf Will Merge With Ikonics To Become A NASDAQ Listed Crypto Mining Company
Summary: Bitcoin mining company TeraWulf announced on Friday that it will become a public company through a business merger with Minnesota imaging technology company IKONICS Corporation (Nasdaq: IKNX). The two companies have reached a final merger agreement, and the new company will be renamed TeraWulf Inc. and listed on the Nasdaq under the ticker "WULF". TeraWulf’s ...
Bitcoin mining company TeraWulf announced on Friday that it will become a public company through a business merger with Minnesota imaging technology company IKONICS Corporation (Nasdaq: IKNX).
The two companies have reached a final merger agreement, and the new company will be renamed TeraWulf Inc. and listed on the Nasdaq under the ticker "WULF".
TeraWulf’s goal is to mine Bitcoin with more than 90% of zero-carbon energy, the company has signed a purchase order for more than 60,000 mining machines with a capacity of 50 MW, which is expected to grow to 800 MW by 2025.
By Mary Liu
Tags: Bitcoin,IKONICS,Mining,Nasdaq,TeraWulf
Link: TeraWulf Will Merge With Ikonics To Become A NASDAQ Listed Crypto Mining Company [Copy]
