Bitcoin Miner Bitfarms completes a stronghold, increases the capacity of 623 megawatts

Bitcoin BitFarms Declare Today she completed her acquisition of StrongHold, where she got a 1.1 Gigawat growth pipeline across three sites in Pennsylvania and expanded its presence in the PJM market.

Under the terms of the agreement, StrongHold 2.52 BitFarms has received each shares from the disabled shares they own.

StrongHold also stopped being as an independent company publicly circulating. The entity has become a subsidiary fully owned by BitFarms. This means that BitFarms now control all the origins and operations of the strongholds. Its stocks are removed from the Nasdak Stock Exchange.

The acquisition of the Bitarms power portfolio increases to 623 megawatts under management, adding 165 megawatts of active generation capacity and 142 megawatts of the available import capacity immediately. The deal is expected to re -balance the power portfolio at the end of 2025 to 80 % of North America and 20 % of the international.

Ben Gagnon CEO, CEO of Ben Gagnon, said that the acquisition will help strengthen the company’s position in the American market, especially in the PJM Energy area. The acquisition of the Bitarms strategic focus on expanding its American presence and the development of HPC and AI on a large scale.

The joint PJM pipeline, with the large Gigawatt capacity and infrastructure in a strategic position, provides a unique opportunity to excel in both the HPC/AI and Bitcoin sectors, according to GAGNON.

“Through the set of power assets of Stronghold, along with our operating experience and the power of the public budget, we are in a good position to create a long -term value for our shareholders by implementing our American strategy and the development of HPC/AI directed to the range,” Janeun said.

Bloomberg said last August that BitFarms He agreed to obtain a stronghold Digital mining for about $ 125 million in stock treatment. The deal included about $ 50 million of supposed debts and enhances the Bitarms mining capacity by providing additional energy sources.

The acquisition occurred where BitFarms defended an attempt to acquire the riots, which was reported that it made an unwanted offer of $ 950 million to BitFarms.