- Bitfarms (TSX:BITF) will acquire Stronghold Digital Mining (NDAQ:SDIG) in a stock-for-stock merger valued at roughly C$170 million
- The transaction is expected to expand and rebalance Bitfarms’ energy portfolio to 950 megawatts (MW) with nearly 50 per cent in the United States by the end of 2025
- Stronghold owns more than 3.03 square kilometres of land, with options on an additional 4.45 square km, along with two merchant power plants: the Scrubgrass and Panther Creek facilities in Pennsylvania
- Bitfarms Ltd. last traded at C$3.20 per share and Stronghold Digital Mining Inc. last traded at C$3.98 per share
Bitfarms (TSX:BITF) will acquire Stronghold Digital Mining (NDAQ:SDIG) in a stock-for-stock merger valued at roughly C$170 million.
The Bitcoin data centre company will also take on the assumed debt valued at approximately C$68 million.
“With this transaction, we expect to expand and…
