News with the tag "Stronghold Digital"

Bitfarms, a well-known Bitcoin mining company, has finalized the acquisition of Stronghold Digital Mining firm through a stock-for-stock merger. As announced, this deal will help Bitfarms grow its presence in the United States and strengthen its mining operations. Bitfarms Now Owns Stronghold Digita...

Bitfarms has completed buying Stronghold Digital Mining (SDIG). This makes Bitfarms the biggest Bitcoin miner in the PJM market and gives it a much bigger presence in the US, ” the world crypto capital.” The acquisition , with a transaction value of more than $110 million, will become the largest me...

On Wednesday, Bitfarms Ltd. announced plans to acquire Stronghold Digital Mining Inc. in a stock-for-stock merger valued at approximately $125 million, along with the assumption of $50 million in debt. The deal, expected to close in the first quarter of 2025, aims to expand Bitfarms’ energy portfoli...

Bitcoin mining firm Bitfarms on track to acquire Stronghold Digital, one of its key rivals as it is also battling a Riot Platforms takeover The post Bitfarms to Acquire Stronghold Digital for $175M in Stock and Debt appeared first on TheCoinrise.com .

The deal comes weeks after Riot Platforms dropped a bid to buy Bitfarms, choosing to overhaul the company's board before pursuing a takoever again.

Stronghold announced its first quarter results for 2024 and revealed that it is considering a range of options to increase shareholder value including selling the business.

The miner is looking at options including sale of all or part of the company and other strategic transactions.

Stronghold Digital Mining announced Thursday it has acquired 2,000 application-specific integrated circuit (ASIC) bitcoin mining rigs from Canaan. The new machines, costing $3 million, will be delivered to Stronghold’s Panther Creek facility in the third quarter. Stronghold Digital Mining Acquires 2...

On June 1, 2023, Cleanspark, a publicly-traded bitcoin mining company, declared the acquisition of 12,500 Antminer S19 XP bitcoin miners for $40.5 million. The purchase is expected to raise Cleanspark’s hashrate by an extra 1.76 exahash per second (EH/s). Acquisition to Boost Cleanspark’s Hashpower ...

Thursday's reported first-quarter earnings from miners were a mixed bag.