Bitfarms completes all-stock acquisition of Stronghold Digital Mining for over $110 million

Odaily Planet Daily News: Bitcoin mining company Bitfarms announced the successful completion of an all-stock acquisition of Stronghold Digital Mining. The transaction value exceeded US$110 million, making it the largest merger and acquisition between two listed Bitcoin mining companies. The acquisition will increase Bitfarms’ North American energy market share from 6% to 80%, with a particularly significant increase in its presence in the U.S. PJM power grid. Previously, Riot Platforms, the world's second largest Bitcoin mining company, attempted to acquire Bitfarms but failed, and chose to hold a 20% stake in Bitfarms. (Crypto In America)