Bitfarms accelerates 2.2 EH/s hosting agreement with Stronghold
According to Bitfarms, the mining hardware was originally scheduled to be deployed in Yguazu, Paraguay sometime in December 2024.
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According to Bitfarms, the mining hardware was originally scheduled to be deployed in Yguazu, Paraguay sometime in December 2024.
Bitfarms said the mining hardware was originally scheduled to be deployed in Yguazu, Paraguay, sometime in December 2024.
Bitfarms will acquire Stronghold Digital Mining in a stock-for-stock merger valued at $125 million, expanding its energy portfolio significantly. (Read More)
As part of the acquisition, Stronghold shareholders will receive 2.52 shares of Bitfarms for each share held.
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 changes are designed to better situate the company for their future endeavors.
Stronghold Digital Mining, based in western Pennsylvania, has found a new, environmentally friendly way to mine cryptocurrency, Reuters reports. (Read More)
The mining company has also signed a separate $54 million financing agreement with NYDIG.
Stronghold shares are expected to begin trading on the Nasdaq today under the ticker symbol “SDIG.”
The company will list over 5 million shares of common stock on the Nasdaq at an IPO price of between $16 and $18.
Bitfarms Ltd. signs a second 10,000 miner hosting agreement with Stronghold Digital Mining, enhancing operations at Stronghold's Scrubgrass site in Pennsylvania. The move aims to boost efficiency and expand U.S. presence. (Read More)
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 by 1.76 EH/s Throughout 2023, Cleanspark (Nasdaq: CLSK) has secured a [...]
The post Cleanspark Bolsters Hashrate With $40.5M Purchase of 12,500 Bitcoin Miners appeared first on Crypto Breaking News.
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