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It is reported that NewBit Group, an innovative company in the field of WEB3.0 ecology and digital assets, plans to merge with FlagShip (stock code: FSCH) in the United States in the near future and start the SPAC listing plan in the United States. The current valuation is 600 million US dollars. In recent years, concepts such as WEB 3.0, digital assets, and cryptocurrency have been highly sought after in the US capital market. NewBit Group has also seized this opportunity and quickly launched the listing plan. If the listing in the United States is successful, NewBit Group will become one of the high-value concept stocks that everyone is paying attention to.

The reason why NewBit Group is valued by the capital market is due to its business structure covering WEB 3.0 infrastructure. Since its establishment in Singapore in 2019, NewBit Group has invested heavily in establishing two major industrial sectors, one is the NewBit Exchange to achieve value transfer, and the other is the NewBit Data Center to achieve distributed storage to protect data and privacy security. The two major industries are like the two wings of an airplane, providing a strong impetus for the rapid development of NewBit Group.