đ Big moves in the crypto mining world! Bitfarms (BITF) is set to acquire Stronghold Digital (SDIG) for a whopping $175M in stock and debt. đ°
đ The deal offers 2.52 Bitfarms shares for each Stronghold share, a 71% premium to Stronghold's 90-day average price. Talk about a sweet deal! đŹ
Meanwhile, Bitfarms is fending off Riot Platforms (RIOT), which now owns nearly 19% of Bitfarms after abandoning a takeover attempt in June. Drama much? đ
What do you think this means for the future of DeFi and Web 3? Drop your thoughts below! đ #CryptoNews #DeFi #Web3