The Crypto CrisisFallout from FTX

Crypto Companies Test the Public Markets

Bitdeer recently went public via a SPAC, and Chia Network is exploring an IPO

Unlike other collapses, crypto’s crash has largely avoided rippling into other markets. Illustration: Mallory Brangan

The 2023 market rebound is enabling some crypto companies to explore an option that appeared off the table just six months ago: trying to go public.

Bitcoin-mining company Bitdeer Technologies listed on the Nasdaq last month after merging with a special-purpose acquisition company, or SPAC, a blank-check company so called for its use in helping businesses access public markets with fewer strings attached. Blockchain company Chia Network recently took another step toward going public, while cloud-mining company BitFuFu and crypto cash-machine company Bitcoin Depot are working on plans to go public via SPAC mergers. 

What's News

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Continue reading your article with
a WSJ subscription

Subscribe Now

Already a subscriber? Sign In

Sponsored Offers
  • TurboTax:
    Save up to $15 with TurboTax coupon May 2023
  • The Motley Fool:
    Epic Bundle - 3x Expert Stock Recommendations
  • H&R Block Tax:
    15% Off DIY Online Tax Filing Services | H&R Block Coupon Code
  • Top Resume:
    10% TopResume Discount Code for expert resume-writing services
  • eBay:
    30% off eBay coupon
  • Groupon:
    Exclusive Groupon Promo Code - 30% OFF Local Experiences