PANews reported on August 21 that according to CoinDesk, Bitcoin mining company Bitfarms said it has agreed to acquire competitor Stronghold Digital (SDIG) for $175 million in stock and assumed debt. Bitfarms said in a statement that the offer includes 2.52 Bitfarms shares for each Stronghold share, a 71% premium over Stronghold's 90-day volume-weighted average price on Nasdaq on August 16. Stronghold said in May that it was exploring strategic alternatives, including selling the company.
Earlier today, Bloomberg reported, citing sources, that Bitfarms is in talks to acquire Stronghold for $164 million.
