Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
Information
Discover
Search
Login
简中
繁中
English
日本語
한국어
ภาษาไทย
Tiếng Việt
BTC
ETH
HTX
SOL
BNB
View Market
Bitfarms completes all-stock acquisition of Stronghold Digital Mining for over $110 million
2025-03-17 11:20:45

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)