The listed entity will own about 10 data centers from around the world, valued around $1 billion, sources said.
The investor has agreed to take one of the world’s largest data center providers private. Here's what you need to know.
The company's CEO said he's already sold 90 percent of what he can supply this year by taking orders that he won't allow to be canceled.
Taking it private, the deal would open a new chapter for a once high-flying software firm that struggled to sustain growth.
It will look to unlock value in infrastructure assets such as towers, satellites, cables and data centers that may involve possible sales.
Data center chip sales were up 80 percent and gaming revenue doubled in Nvidia's fiscal first quarter.
Replacing "proof of work" with "proof of stake" rids the system of the need to run miner servers to generate the currency.
While there are reasons to be wary of SPAC transactions, several aspects of this route for going public can be very attractive.
