Odaily News Bitcoin mining company Bitfarms Ltd. is in talks to buy Stronghold Digital Mining Inc. for about $164 million, while also fending off a takeover attempt by Riot Platforms Inc., according to people familiar with the matter. Stronghold shareholders will receive about 2.5 Bitfarms shares for each share held, the people said. The deal includes the assumption of debt. Stronghold, which announced in May that it was considering a sale of the company, among other alternatives, has a market value of about $66 million and reported second-quarter revenue of $19.1 million and a loss of $21.3 million. Bitfarms had second-quarter revenue of $41.5 million. The merger will give Bitfarms more access to electricity through Stronghold, which has its own power generation and interconnections to the local grid, thereby increasing its mining capabilities. (Bloomberg)