Bitfarms to Acquire Stronghold Digital Mining
August 21, 2024
Bitfarms Ltd. entered into a definitive stock-for-stock merger agreement to acquire Stronghold Digital Mining, valued at approximately US$125 million in equity plus assumed debt of about US$50 million. The deal is expected to close in the first quarter of 2025, subject to approvals and customary closing conditions.
- Buyers
- Bitfarms Ltd.
- Targets
- Stronghold Digital Mining, Inc.
- Industry
- Energy
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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