Press Release

Kirkland Advises XPDI on $4.3 Billion Merger with Core Scientific

Kirkland & Ellis counseled Power & Digital Infrastructure Acquisition Corp. (Nasdaq: XPDI), a publicly traded special purpose acquisition company, on its definitive merger agreement with Core Scientific Holding Co., a leader in customizable infrastructure and software solutions to large scale customers for blockchain hosting and digital asset mining. As a result of the transaction, which values the company at a pro forma enterprise value of approximately $4.3 billion, the combined company is expected to operate as Core Scientific, Inc. and remain a publicly listed company on the NASDAQ stock market.

Read Core Scientific’s press release

The Kirkland team was led by corporate partners Debbie Yee, Richard Campbell and Adam Garmezy and associates Randy Santa Ana, Christian Mahre and Parker Collins; capital markets partner Julia Danforth and associate Kristin Kluding; and tax partner David Wheat and associates Joe Tobias and Victoria Chang.