Please note that log in for BLAW products will be unavailable for scheduled maintenance on Sunday, February 5th from approximately 4 AM to 5 AM EST.
Bloomberg Tax
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Tax
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Bitcoin Miner Rhodium Plans to Go Public Via a Reverse Merger

Sept. 29, 2022, 9:16 PM

Rhodium Enterprises Inc., a Bitcoin mining company that utilizes liquid cooling technology, plans to go public through a reverse merger with software services provider SilverSun Technologies Inc.

SilverSun investors will receive a cash dividend of $1.50 a share equal to about $8.5 million and a stock dividend of one share each in a new holding company subsidiary, the East Hanover, New Jersey-based company said in a statement Thursday. SilverSun shareholders will hold about 3.2% of the common equity ownership after the merger. The company would be listed on Nasdaq.

Rhodium initially filed last October with the US Securities and ...