Mining company Bitfarms completes a full-stock acquisition of Stronghold Digital Mining, with a transaction value of more than $110 million

PANews March 17th news, according to Crypto In America, Canadian bitcoin mining company Bitfarms announced that it had successfully completed a full-stock acquisition transaction of Stronghold Digital Mining, with a transaction value of more than US$110 million, becoming the largest merger and acquisition between two listed bitcoin mining companies. The acquisition will leap Bitfarms' North American energy market share from 6% to 80%, especially in the U.S. PJM power grid.

It is worth noting that Riot Platforms, the world's second largest Bitcoin mining company, tried to hostilely acquire Bitfarms, but failed in the end and chose to hold a 20% stake in Bitfarms.

In addition, the US SEC will hold an industry roundtable this Friday to discuss the securities attributes of crypto assets, which is expected to affect the future industry regulatory direction. Meanwhile, New York held several crypto industry conferences this week, including Tokenize NYC, Blockworks DAS and Medici NY, attracting many industry leaders and policy makers.