Core Scientific, The Largest Blockchain Hosting Provider And Digital Asset Miner In North America, To List On NASDAQ Through Merger With Power & Digital Infrastructure Acquisition Corp.

PRNewswire

Jul 21, 2021

- Core Scientific is a 100% net carbon neutral, vertically integrated blockchain infrastructure and mining company.

- Core Scientific mined 928 BTC in Q2 2021, and 1,683 BTC in the first half of 2021.

- Core Scientific anticipates fiscal year 2021 revenue of $493 million and adjusted EBITDA of $203 million. The Company forecasts fiscal year 2022 revenue of $1.1 billion and 50% adjusted EBITDA margin.

- The merger between Core Scientific and Power & Digital Infrastructure Acquisition Corp. ("XPDI") represents a combined company enterprise value of approximately $4.3 billion; expected to provide over $300 million of net cash proceeds to fund growth and strengthen market leadership position.

- BlackRock is the anchor investor in XPDI. In addition, XPDI's sponsor is led by Energy & Power Transition Partners, LLC and XMS XPDI Sponsor Holdings LLC, an entity owned by professionals of XMS Capital Partners LLC.

PR Newswire

AUSTIN, Texas and CHICAGO, July 21, 2021

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