Odaily Planet Daily News: People familiar with the matter revealed that Bitcoin mining company Bitfarms Ltd. is negotiating to acquire Stronghold Digital Mining Inc. for about $164 million, while also fending off an acquisition attempt by Riot Platforms Inc. People familiar with the matter said that Stronghold shareholders will receive about 2.5 shares of Bitfarms for each share held. The deal includes assumed debt. Stronghold announced in May that it was considering the sale of the company and other alternatives. Its market value is about $66 million. The company had revenue of $19.1 million and a loss of $21.3 million in the second quarter. Bitfarms had revenue of $41.5 million in the second quarter. The merger will provide Bitfarms with more power access through Stronghold (which has its own power generation and interconnection with the local power grid), thereby enhancing its mining capabilities. (Bloomberg)