Bitfarks Stocks of Dipis despite procurement of $ 110 million

Canadian Bitcoin Miner Bitfarms finalized the acquisition of digital mining, marking the largest merging between two publicly listed mining companies Bitcoin.

According to the press release published 17. Marta Bitfarms finished all the action acquisition of Digital Rudar Stronghold. The merger was approved February 28, with 99.6% votes votes for voting in favor, which represents about 54.5% of extraordinary actions of stronghold.

Bitfarks gained a stronghold through the connection of actions, with violations of shareholders who receive 2.52 Bitfarks of shares for each foothold owned. Nearly 60 million ball divisions of Bitfarm and over 10.5 million warrants were issued as part of the agreement. Stronghold’s stock has been removed from Naval and stopped trading.

Bitfarks’ Stock opened more Monday morning, but she lost every swing shopping and was traded lower by about 1% during the early afternoon session.

Procurement details

With the IMPORTANT now integrated into Bitfarks, mining has expanded its energy capacity to 623 megawatts – including existing electricity production and network imports in Pennsylvania.

In addition, the Bitfarms now manage almost another 1 ekahah of computer powers, bringing its total up to 18 ekahash. The previous agreement in which Stronghold Hosteden mines for others are now used for direct mining operations of the Beatfarm.

Bitfarms also see the potential to convert two places of power into effect to the large AI and Computing Hubs, with partnership plans with players in industry to develop these facilities.

“With stronghold portfolio, in combination with our operational expertise and the power of balance sheets, us to create a long-term value for our shareholders by performing our US strategy and the development of HPC / AI Business focused on the scale,” Ben Gagnon Bitfarks said.

In addition to increasing strength assets, the acquisition reinforced the share of Bitfarm in the North American Energy Market from 6% to 80%.