Bitcoin Miner TeraWulf to Merge With Nasdaq-Listed Ikonics
25 Jun, 2021•1 min read•Mining
ESG-focused bitcoin mining company TeraWulf agreed merge with Nasdaq-listed imaging technology company Ikonics.
The two entered into an agreement to merge under a new holding company, an announcement Friday said. The new firm will bear TeraWulf's name and is expected to trade on Nasadaq under the ticker "WULF." TeraWulf aims to mine bitcoin with over 90% zero-carbon energy. It has over 60,000 miners on order giving it 50 MW mining capacity, which it expects to grow to 800 MW by 2025, enabling over 23 EH/s hashrate. Ikonics has a market cap of $22.3 million.