Arisz Acquisition Corp. (NASDAQ: ARIZ) (the
“
Arisz”), a publicly traded special purpose
acquisition company, announced the completion of its business
combination (the “business combination”) with BitFuFu (Finfront
Holding Company) (“BitFuFu”). BitFuFu is a fast-growing company in
the digital asset mining industry and is dedicated to fostering a
secure, compliant, and transparent blockchain infrastructure by
providing a variety of stable and intelligent digital asset mining
solutions.
The shareholders of Arisz Acquisition Corp.
approved the transaction at a special meeting of shareholders
on February 28, 2024, and the transaction was also approved by
BitFuFu’s shareholders. The listed company following the Business
Combination is BitFuFu Inc., and its Class A ordinary shares and
warrants is expected to commence trading on the Nasdaq Stock Market
under the ticker symbols “FUFU” and “FUFUW,” starting March 1,
2024.
Leo Lu, Founder and CEO of BitFufu said “I would
like to thank all of our shareholders, employees, partners, and
stakeholders who have been instrumental in achieving this pivotal
milestone in our journey. BitFuFu’s listing on NASDAQ marks a new
chapter that will enable us to continue our rapid growth trajectory
and expand our global footprint in the digital asset industry. As a
fast-growing digital asset mining service and world-leading
cloud-mining service provider, we enable both institutional and
digital asset enthusiasts the ability to mine more efficiently. The
proceeds from this transaction will fuel the expansion of our
offerings, which encompasses cloud-mining, self-mining, and miner
hosting. As we transition into a public company, we are committed
to upholding the highest standards of corporate governance and
transparency, and are in a stronger position than ever to execute
on our vision of becoming the world leader in digital asset
mining.” .
Echo Hindle-Yang, Chairwoman and CEO of Arisz
Acquisition Corp. commented, “We are thrilled to announce the
successful completion of our merger with BitFuFu, and officially
list the company on Nasdaq, a significant step that reinforces the
leadership in the global cloud mining and rapidly evolving digital
asset services sector. Under the leadership of Leo, the BitFuFu
team is poised to enhance its market dominance, thanks to its
industry-leading technology platform and advanced mining machines,
uniquely supplied by Bitmain as their exclusive strategic partner.
This merger is further empowered by a significant $74M PIPE
investment, aimed at accelerating BitFuFu’s already prominent
position in the industry. We eagerly anticipate BitFuFu’s continued
success and innovation in this exciting new chapter.”
About BitFuFu
BitFuFu is a fast-growing digital asset mining
service and world-leading cloud-mining service provider. BitFuFu
received early investment from Bitmain, a world-leading digital
asset mining hardware manufacturer, and remains Bitmain’s sole
strategic partner in the cloud mining space.
BitFuFu is dedicated to fostering a secure,
compliant, and transparent blockchain infrastructure, providing a
variety of stable and intelligent digital asset mining solutions to
a global customer base. Leveraging its expanding global mining
facility network and strategic partnership with Bitmain, BitFuFu
enables institutional customers and digital asset enthusiasts to
mine digital assets efficiently. With a robust business model
covering cloud-mining, miner hosting, and self-mining, BitFuFu is
well-positioned to weather market volatility and facilitate the
vertical integration of global digital asset mining industry.
About Arisz Acquisition
Corp.
ARIZ is a blank check company formed for the
purpose of effecting a merger, stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination with
one or more businesses.
Advisors
Chardan acted as exclusive M&A and Capital
Markets advisor to Arisz.
Wilson Sonsini Goodrich & Rosati, Harney Westwood &
Riegels, and Hunter Taubman Fischer & Li, LLC acted as legal
counsels to Finfront Holding Company. Loeb & Loeb LLP
acted as legal counsel to Arisz. Moritt Hock & Hamroff
LLP acted as legal counsel to Chardan.
Forward-Looking Statements
This press release includes "forward-looking statements" within
the meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"estimate," "plan," "project," "forecast," "intend," "will,"
"expect," "anticipate," "believe," "seek," "target" or other
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These
forward-looking statements also include, but are not limited to,
statements regarding projections, estimates and forecasts of
revenue and other financial and performance metrics, projections of
market opportunity and expectations, BitFuFu's ability to
scale and grow its business, BitFuFu's advantages and
expected growth, BitFuFu’s ability to source and retain
talent, and BitFuFu's cash position following closing of the
Business Combination, as applicable. These statements are based on
various assumptions, whether or not identified in this press
release, and on the current expectations of BitFuFu's management
and are not predictions of actual performance. These statements
involve risks, uncertainties and other factors that may cause
BitFuFu's actual results, levels of activity, performance, or
achievements to be materially different from those expressed or
implied by these forward-looking statements. Although Arisz
believes that it has a reasonable basis for each forward-looking
statement contained in this press release, Arisz cautions you that
these statements are based on a combination of facts and factors
currently known and projections of the future, which are inherently
uncertain. The forward-looking statements in this press release
represent the views of Arisz as of the date of this press release.
Subsequent events and developments may cause those views to change.
Except as may be required by law, Arisz does not undertake any duty
to update these forward-looking statements.
For investor and media inquiries, please
contact:
BitFuFuBitFuFu Investor
Relationsir@bitfufu.com
Arisz Acquisition Corp.Arisz Investor
Relationsir@ariszacquisition.com
Christensen
Advisory Bitfufu@christensenir.com
Grafico Azioni Arisz Acquisition (NASDAQ:ARIZ)
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