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Two Firms Aim SPAC Merger for Bitcoin Mining Company VCV Digital

May 5, 2022, 10:55 AM

Day Pitney is advising VCV Digital Technology, a New York-based provider of infrastructure for digital asset mining, on its go-public merger with a special purpose acquisition company.

Robinson & Cole is counseling the New Jersey-based SPAC, Fortune Rise Acquisition Corporation, on the transaction, which is expected to close in the third quarter.

New York-based VCV Digital Technology said that, with its affiliated businesses, it provides renewable-energy powered computing infrastructure for crypto and so-called Web3 networks. The company’s management said in a statement that it believes the companies’ self-mining, leased mining, and managed mining businesses are well-positioned for rapid growth.

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