Unlike other collapses, crypto’s crash has largely avoided rippling into other markets. Illustration: Mallory BranganThe 2023 market rebound is enabling some crypto companies to explore an option that appeared off the table just six months ago: trying to go public. Bitcoin-mining company Bitdeer Technologies listed on the Nasdaq last month after merging with a special-purpose acquisition company, or SPAC, a blank-check company so called for its use in helping businesses access public markets with fewer strings attached. Blockchain company Chia Network recently took another step toward going public, while cloud-mining company BitFuFu and crypto cash-machine company Bitcoin Depot are working on plans to go public via SPAC mergers.

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