[Innovation Beverage Plans to Acquire BlockFuel, Entering the Bitcoin Mining Market] Odaily Planet Daily reports that Nasdaq-listed company Innovation Beverage has announced the signing of a non-binding letter of intent for a merger transaction with BlockFuel Energy Inc. (BlockFuel), based in Texas, USA. The company plans to acquire BlockFuel through a reverse triangular merger. Upon completion of the transaction, Innovation Beverage will enter the North American high-performance data center and Bitcoin mining market. The acquisition amount has not been disclosed, but it is reported that the valuation of the new company post-merger will be approximately $220 million to $343 million. (Globenewswire)