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Stronghold Digital Mining, Inc. announced that its stockholders have overwhelmingly approved the proposed merger with Bitfarms Ltd. At a special meeting, approximately 99.6% of votes cast favored the merger, representing about 54.5% of Stronghold’s outstanding shares. Bitfarms’ stock was seen trading…
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HIVE Digital has signed a multi-million deal to acquire a 200 MW mining site in Paraguay, with plans to achieve 25 EH/s by September. Canadian Bitcoin (BTC) mining giant HIVE Digital is set to acquire Bitfarms‘ 200 MW hydro-powered mining…
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Bitcoin
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Riot Platforms mined 412 Bitcoin in September, marking a 28% increase over the previous month. This rise in production was driven by higher operating capacity at their mining facilities, which include sites in Texas and Kentucky, according to a company…
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Bitcoin
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H.C. Wainwright analysts believe Bitfarms’ stock is set for growth following a settlement with Riot Platforms that ends a six-month-long hostile takeover attempt. Earlier on Sept. 23, Bitfarms and Riot Platforms reached an agreement to end Riot’s bid to take…
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Bitcoin
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Bitfarms has reached a settlement agreement with Riot Platforms ahead of the company’s special shareholder meeting in November. The Canada-based Bitcoin (BTC) mining firm revealed the settlement with its rival in an announcement on Sept. 23. Under the terms of…
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Bitcoin
Follow-up
Bitfarms has rescheduled its special shareholder meeting as part of the company’s response to the latest developments from Riot Platforms. The rescheduling will offer Bitfarms’ Special Committee time to review and respond to a recent request from Bitcoin (BTC) miner…
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Bitfarms has questioned the qualifications of Riot Platforms’ proposed board nominees, accusing Riot of using governance reforms as a cover for a takeover attempt. Canadian Bitcoin (BTC) miner Bitfarms has pushed back against its rival Riot Platforms‘ proposed board changes,…
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Bitfarms sold over 60% of August Bitcoin production amid rising network difficulty. Canadian Bitcoin (BTC) miner Bitfarms announced that it sold nearly 63% of the Bitcoin it mined in August, amounting to 147 BTC out of the 233 BTC generated…
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Bitcoin
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Riot Platforms urges Bitfarms shareholders to back further board changes, warning the company against moves to entrench its current board. Bitcoin (BTC) miner Riot Platforms urged Bitfarms‘ shareholders to support further changes to the company’s board at the upcoming Oct.…
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Bitcoin
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H.C. Wainwright analyst Mike Colonesse described Bitfarms’ agreement to acquire Stronghold Digital Mining as “a transformational acquisition.” The analyst commented on the Bitcoin (BTC) miner’s potential to benefit from the Stronghold acquisition in a note shared with crypto.news on Aug.…
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Bitcoin
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Cryptocurrency mining giant Bitfarms has entered a definitive merger agreement to acquire Stronghold in a stock-for-stock merger transaction. Canadian crypto miner Bitfarms is set to acquire its U.S.-based rival Stronghold Digital in a transaction valued at approximately $175 million, including…
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Riot continues to push its acquisition efforts, having recently acquired $2.2 million in Bitfarms shares. Riot Platforms has announced the purchase of 1 million common shares of its rival Bitfarms, raising its stake in the Canadian Bitcoin mining firm to…
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Bitcoin mining firm Bitfarms has announced leadership changes amid ongoing regulatory and takeover bid challenges. Canadian public Bitcoin mining firm Bitfarms disclosed updates to its board of directors and executive team as it navigates ongoing regulatory challenges and a recent…
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Canadian Bitcoin mining firm Bitfarms revealed in its Q2 financial results, featuring it is still on track to achieve guidance of 21 EH/s in 2024. Bitcoin mining firm Bitfarms saw its shares surge over 20% late Aug. 8, following the…
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Bitcoin
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Semler Scientific is increasing its Bitcoin reserve with a $3 million purchase, bringing its total holdings to 929 BTC. Publicly traded medical device maker Semler Scientific is doubling down on its corporate strategy focused on buying Bitcoin (BTC), with the…
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Bitcoin
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Riot Platforms has increased its acquisition efforts of Bitfarms by buying over 10 million more shares this month. According to a filing with the US Securities and Exchange Commission on July 31, Riot, a Bitcoin (BTC) mining company, now owns…
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