- Future Dao Group Holding and Metal Sky Star Acquisition (NASDAQ:MSSA) has entered into a definitive merger agreement, and following the closure, Future Dao will operate through a publicly-traded holding company listed on the Nasdaq.
- Future Dao is in the process of establishing its Bitcoin mining operations in Central Asia.
- Future Dao intends to own and operate ~26,100 Bitcoin mining machines with an aggregate computing power of over 2.9197 Ehash/s by the first anniversary of the completion of the Proposed Transaction.
- The Proposed Transaction values Future Dao at a pre-transaction valuation of $350M and its ordinary share after share split at a price of $10/share.
- Future Dao intends to use available proceeds to invest in Bitcoin mining hosting facilities, and acquire additional Bitcoin mining machines with high computing power in order to increase its available computing capacity.