Odaily News Canadian bitcoin mining company Bitfarms announced the successful completion of its all-stock acquisition of Stronghold Digital Mining in a transaction valued at over $110 million, making it the largest merger and acquisition between two publicly traded bitcoin mining companies.
The acquisition will increase Bitfarms' share of the North American energy market from 6% to 80%, especially significantly enhancing its presence in the PJM power grid in the United States. It is worth noting that Riot Platforms, the world's second largest Bitcoin mining company, previously attempted a hostile takeover of Bitfarms, but ultimately failed and chose to hold a 20% stake in Bitfarms. (Crypto In America)