Future Dao Merging with Metal Sky Star Acquisition 

Singapore-based Future Dao Group Holding Limited, a blockchain mining company, and Metal Sky Star Acquisition announced today that they have entered into a merger agreement at a pre-transaction valuation of $350 million.

If approved, Future Dao will operate through a holding company listed on the . Transaction details were scant in the announcing the deal.

Future Dao is in the process of establishing its mining operations in Central . The company intends to own and operate approximately 26,100 Bitcoin mining machines by the first anniversary of the completed merger.

Metal Sky Star raised $100 million in an IPO a year ago. Read more.


Source: Future Dao Merging with Metal Sky Star Acquisition