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Bitfarms to Acquire Stronghold Digital Mining in an All-Stock Deal for $175 Million

  • August 21, 2024

Bitcoin-miner Bitfarms Ltd. (BITF) entered a definitive merger agreement on August 21, 2024, to acquire rival Stronghold Digital Mining, Inc. (SDIG) in an all-stock deal valued at about $175 million, including debt.

Details of the Merger:

Under the merger terms, Stronghold shareholders will receive 2.52 shares of Bitfarms for each share of Stronghold they own, at about $6.02 per share, representing a premium of 105.46% from the stock’s last close.

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