Bitfarms to Acquire Stronghold Digital Mining

August 21, 2024

Bitfarms Ltd. will acquire Stronghold Digital Mining in a stock-for-stock merger valued at approximately US$125 million of equity consideration plus assumption of about US$50 million of debt. The deal, unanimously approved by both boards and expected to close in Q1 2025 subject to approvals, expands Bitfarms' energy portfolio and hashrate while adding Stronghold's Pennsylvania power plants, land holdings and environmental remediation capabilities.

Buyers
Bitfarms Ltd.
Targets
Stronghold Digital Mining, Inc.
Industry
Energy
Location
Pennsylvania, United States
Transaction Type
Buyout

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