Title: Bitcoin Miner Bitfarms to Acquire Stronghold Digital Mining in $125 Million Merger
Post by: Bitcoin on Aug 21, 2024, 09:13 pm
Post by: Bitcoin on Aug 21, 2024, 09:13 pm
Bitcoin Miner Bitfarms to Acquire Stronghold Digital Mining in $125 Million Merger
On Wednesday, Bitfarms Ltd. announced plans to acquire Stronghold Digital Mining Inc. in a stock-for-stock merger valued at approximately $125 million, along with the assumption of $50 million in debt. The deal, expected to close in the first quarter of 2025, aims to expand Bitfarms' energy portfolio in the U.S. and integrate power generation capabilities […]
Source: Bitcoin Miner Bitfarms to Acquire Stronghold Digital Mining in $125 Million Merger (https://news.bitcoin.com/bitcoin-miner-bitfarms-to-acquire-stronghold-digital-mining-in-125-million-merger/)
On Wednesday, Bitfarms Ltd. announced plans to acquire Stronghold Digital Mining Inc. in a stock-for-stock merger valued at approximately $125 million, along with the assumption of $50 million in debt. The deal, expected to close in the first quarter of 2025, aims to expand Bitfarms' energy portfolio in the U.S. and integrate power generation capabilities […]Source: Bitcoin Miner Bitfarms to Acquire Stronghold Digital Mining in $125 Million Merger (https://news.bitcoin.com/bitcoin-miner-bitfarms-to-acquire-stronghold-digital-mining-in-125-million-merger/)