đ **Crypto News Flash!** đ
H.C. Wainwright analyst Mike Colonesse calls Bitfarms' $125M all-stock acquisition of Stronghold Digital Mining "transformational." This deal, set to finalize in Q1 2025, will boost Bitfarms' power capacity to nearly 1 gigawatt by YE2025, tripling its current capacity. đ
- **Expansion:** U.S. footprint to grow from 6% to 47%
- **Capacity:** Increase from 310 MW to 955 MW
- **Growth:** Additional 23 EH/s to reach 35 EH/s by 2025
Analyst reiterates a buy rating for BITF with a $4 price target, up from $2.28.
What do you think? Share your thoughts below! đŹ
#CryptoNews #Bitfarms #BitcoinMining