Nasdaq-listed Miracle Holdings Acquires Majority Stake in Bitcoin Mining Firm J&Y Marigold Nature's Miracle Holding Inc. (NASDAQ: NMHI), a Nasdaq-listed company, has announced the acquisition of a 90% stake in Bitcoin mining infrastructure developer J&Y Marigold through its subsidiary NM Data. The deal is valued at $5.32 million and is expected to close in the second quarter of 2023. This acquisition is part of Miracle Holdings' strategy to expand its presence in the Bitcoin mining sector. The company had previously invested $3 million in Bitcoin mining infrastructure firm Future Tech. The addition of J&Y Marigold's expertise and infrastructure will further strengthen Miracle Holdings' position in this growing market. J&Y Marigold specializes in the development and operation of Bitcoin mining facilities. The company has extensive experience in site selection, equipment procurement, and power management. This acquisition will allow Miracle Holdings to accelerate its Bitcoin mining operations and enhance its overall efficiency. Analysts believe that this acquisition is a positive step for Miracle Holdings. It will enable the company to expand its operations, increase its revenue streams, and position itself for long-term growth in the Bitcoin mining sector.

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