Bitcoin miner Atlantic HPC to go public in $150M SPAC merger with Aperture AC
What's the deal? Atlantic HPC GroupDealroom has a profile for this one. Try Dealroom → has signed a definitive agreement to merge with Aperture ACDealroom has a profile for this one. Try Dealroom → (NASDAQ: APUR), a special purpose acquisition company, in a $150 million deal that will take the digital infrastructure firm public. The combined company plans to trade on Nasdaq under the ticker "AHPC" and rename Aperture as Atlantic HPC CorpDealroom has a profile for this one. Try Dealroom →.
Who is Atlantic? It is a US-based company that develops and operates power-intensive bitcoin mining and computing facilities across Oklahoma, Arkansas, and Ohio. It runs 98MW of utility-approved power capacity, with 51MW in operation serving bitcoin mining and 47MW under development.
By the numbers: Atlantic reported FY2026 revenue of $28.6 million and EBITDA of $4.4 million. It mined 303 bitcoin over the year at a hash rate of 1.9 EH/s.
What's the endgame? Atlantic wants to expand beyond mining into the artificial intelligence and high-performance computing sector. It holds a development pipeline of 121MW across six sites and plans a leasing model where tenants supply their own cooling, servers, and GPUs while Atlantic provides the powered shell.
Why now? Grid connection times in the US now average three to seven years, and the interconnection queue sits at 1.5x total installed capacity. Atlantic argues its existing utility relationships and in-place power infrastructure can support faster time to market for new data centre development.
What could go wrong? The transaction, expected to close in the first quarter of 2027, still requires approval from Aperture's shareholders and Atlantic's stockholders, plus exchange and regulatory sign-off.
The signal: The deal shows crypto miners repositioning their power assets to chase AI demand. McKinseyDealroom has a profile for this one. Try Dealroom → projects global data centre capacity for AI workloads to reach 156 gigawatts by 2030 — a 3.5x jump over 2025 — requiring an estimated $5.2 trillion in capital spending, and miners with ready power are lining up to capture it.
Read more: benzinga.com
Image credit: Western Area Power Admin
