Bitcoin mining company Rhodium plans to go public on Nasdaq through a reverse merger with Silverun Technologies

Chain Catcher News, Bitcoin mining company Rhodium plans to go public on NASDAQ through a reverse merger with software service provider Silverun Technologies. According to the terms of a merger agreement unanimously approved by the boards of SilverSun and Rhodium, each holder of SilverSun common stock will receive a cash dividend of at least $1.50 per share, totaling approximately $8.5 million, upon the completion of the business combination. The proposed business combination is expected to be completed by the end of 2022, subject to regulatory approval, approval from the respective shareholders of SilverSun and Rhodium, and other customary closing conditions.

Rhodium designs and develops large liquid cooling systems and proprietary software to optimize the performance and efficiency of its miners, infrastructure, and operations. (Source link)