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Today in crypto, Nasdaq-listed Flora Growth will rebrand to ZeroStack after raising $401 million to support 0G, the Changpeng Zhao-backed YZi Labs grows stake in stablecoin issuer Ethena. Meanwhile, Bitcoin mining difficulty hits new all-time high.
Nasdaq-listed cannabis firm Flora Growth has launched a $401 million treasury initiative to back Zero Gravity (0G), a blockchain project focused on powering decentralized AI infrastructure.
The move comes through a private placement deal combining $35 million in cash with $366 million in in-kind digital assets, primarily denominated in 0G tokens. As part of the transaction, Flora will rebrand as ZeroStack while retaining its Nasdaq ticker, FLGC, according to a Friday announcement.
