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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