---
title: "Bitmain-Backed Bitfufu Enters Into A Definitive Merger Agreement With Arisz Acquisition Corp"
description: "Jan 25 (Reuters) - Arisz Acquisition Corp:"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/54597485.md"
published_at: "2022-01-25T14:24:49.000Z"
---

# Bitmain-Backed Bitfufu Enters Into A Definitive Merger Agreement With Arisz Acquisition Corp

> Jan 25 (Reuters) - Arisz Acquisition Corp:

Jan 25 (Reuters) - Arisz Acquisition Corp (ARIZ.O) :

-   BITMAIN-BACKED BITFUFU (FINFRONT HOLDING COMPANY), A WORLD-LEADING DIGITAL ASSETS CLOUD MINING SERVICE PROVIDER, ENTERED INTO A DEFINITIVE MERGER AGREEMENT WITH ARISZ ACQUISITION CORP.
    
-   BITFUFU - TRANSACTION VALUES COMPANY AT A PRO FORMA ENTERPRISE VALUE OF APPROXIMATELY $1.5 BILLION
    
-   BITFUFU - ENTERED INTO DEAL WITH ARISZ ACQUISITION CORP RESULTING IN CO BECOMING PUBLICLY LISTED ON NASDAQ UNDER ANTICIPATED TICKER SYMBOL “FUFU”
    
-   BITFUFU - TRANSACTION INCLUDES A $70 MILLION FULLY COMMITTED PIPE FINANCING AT $10.00/SHARE, LED BY BITMAIN AND ANTPOOL
    
-   BITFUFU - CO’S MANAGEMENT TEAM, LED BY ITS FOUNDER LEO LU, WILL CONTINUE TO RUN COMPANY AFTER TRANSACTION

### Related Stocks

- [FUFU.US - BitFuFu](https://longbridge.com/en/quote/FUFU.US.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.