Bitfarms has partnered with Stronghold Digital Mining Hosting to deploy 10,000 miners at its Pennsylvania site, aiming to improve efficiency and expand its U.S. operations. Improved Efficiency Canada-based bitcoin miner Bitfarms has entered into a second miner hosting agreement with Stronghold Digital Mining Hosting. Bitfarms will deploy 10,000 miners at Stronghold’s Scrubgrass site. The miners,…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Canadian crypto mining firm Bitfarms is ramping up its U.S. operations with a second hosting agreement with Stronghold Digital Mining. The company will deploy an additional 10,000 miners at Stronghold’s Scrubgrass site. Originally planned for its Yguazu site in Paraguay, this mining hardware relocation is expected to boost Bitfarms’…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Bitfarms and Riot Platforms, two notable Bitcoin mining firms, say they have settled on Riots’ takeover attempt. In a statement jointly signed by the two mining companies, the terms of the agreement were clarified to avert any misunderstandings. Bitfarms Leadership Changes and Board Reconfiguration As per the settlement, Andres…
Riot Platforms and Bitfarms have resolved their dispute following a settlement agreement detailed in a joint announcement on Sept. 23, 2024. The agreement, which was filed with the U.S. Securities and Exchange Commission (SEC), comes ahead of Bitfarms’ special shareholder meeting on Nov. 6, 2024. Riot Withdraws Bid to Restructure Bitfarms’ Board in Settlement Deal…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Bitcoin mining company Bitfarms has postponed its upcoming shareholders’ meeting following a push from its largest shareholder, Riot Platforms, for changes in its leadership. Initially scheduled for October, the “special meeting” will now take place on November 6, allowing the company and its shareholders more time to evaluate Riot’s…
Bitcoin mining firm Bitfarms has responded to Riot Platforms’ allegedly misleading statements about a special meeting and potential acquisition. Bitfarms claimed that Riot refused to engage constructively and is attempting to buy Bitfarms at a discount for its own shareholders’ benefit. The board will review Riot’s proposal but shareholders do not need to take any…
Riot Platforms Inc., the largest shareholder of bitcoin mining firm Bitfarms Ltd. with a 19.9% stake, issued an open letter calling for significant changes to Bitfarms’ governance ahead of the Oct. 29 special meeting. Riot criticized recent board changes as insufficient, emphasizing the need for independent directors to enhance shareholder value. The letter highlights concerns…
Riot Platforms has intensified its efforts to acquire rival Bitcoin miner Bitfarms by issuing an open letter to the firm’s shareholders on Sept. 3. In the letter, Riot announced that it had lowered its request for board seats at Bitfarms to two independent directors following recent removals while also criticizing several of the company’s recent decisions….
Bitfarms Ltd., a bitcoin mining company, announced on Tuesday that it has taken control of its new data center in Sharon, Pennsylvania. “This site represents Bitfarms’ first mega-site in the U.S. with access to up to 120 MW,” the company said. Located in the Pennsylvania-New Jersey-Maryland (PJM) grid, the site offers low-cost, flexible power ideal…
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 portfolio in the U.S. and integrate power generation capabilities…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Bitcoin mining company Bitfarms and its competitor Stronghold Digital Mining have finalized a merger agreement recently. Bitfarms announced its agreement to purchase Stronghold Digitals in a stock-for-stock merger deal. This type of deal enables companies to merge without requiring significant cash outlays. Also, shareholders of both companies receive shares…
Bitcoin miner Bitfarms said it has entered into a merger agreement to acquire Stronghold Digital Mining for $125 million in equity value, alongside $50 million in assumed debt. In a joint Aug. 21 statement, both companies revealed that their Boards of Directors unanimously approved the transaction. The deal—subject to regulatory approval and other conditions—is expected…