Mergers and Acquisitions | ForkLog

ForkLog 10 21.08.2024

Bitfarms to Acquire Stronghold Digital for $125 Million

Canadian mining company Bitfarms has entered into a definitive agreement to acquire its American competitor, Stronghold Digital Mining, in a deal valued at approximately $125 million. We are pleased to announce that #Bitfarms has entered into a definitive agreement to acquire @Stronghold_DM. Stronghold brings to Bitfarms vertically integrated crypto asset mining operations and access to […]

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ForkLog 11 25.07.2024

Bitfarms Adopts New Poison Pill Defence Against Riot

Bitcoin miner Bitfarms has approved a new shareholder rights protection strategy to prevent a hostile takeover by competitor Riot Platforms. On June 24, the Ontario Capital Markets Tribunal ruled in favour of Riot, ordering Bitfarms to immediately cease its previous plan. The initiative adopted in June, known as a “poison pill“, proposed that if an […]

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ForkLog 15 24.07.2024

Riot Platforms Acquires Block Mining for $92.5 Million

American firm Riot Platforms has announced the acquisition of Kentucky-based mining company Block Mining for a total of $92.5 million. Riot Announces the Acquisition of Block Mining – Expands Riot’s Total Potential Power Capacity To 2 Gigawatts. — Acquisition adds 60 Megawatts (“MW”) of current operational capacity with the potential to quickly expand to 110 […]

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ForkLog 6 22.07.2024

Benchmark Highlights Bitdeer’s Appeal for Acquisition

Bitcoin miner Bitdeer has emerged as an attractive acquisition target, according to analysts at Benchmark, reports CoinDesk. The financial firm raised the target price for the mining company’s shares from $13 to $16, maintaining a “buy” rating. Bitdeer’s closing price on Friday, July 19, was $10.99. In pre-market trading on June 21, the stock’s valuation […]

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ForkLog 11 27.06.2024

CleanSpark to Acquire GRIID for $155 Million

Mining firm CleanSpark has announced the acquisition of its competitor GRIID for $155 million. We’ve announced an agreement to acquire @griid based on an enterprise value of $155 million and expansion plans of over 400 MW in Tennessee. $CLSK expects to add over 400 MW in the state over the next two years. Under the […]

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ForkLog 5 25.06.2024

Riot Nominates Independent Directors to Bitfarms Board Amid Hostile Takeover Bid

The mining firm Riot Platforms has called for a special meeting of Bitfarms shareholders to re-elect the board of directors as part of a hostile takeover campaign. Shareholders of the target company will be asked to vote on the removal of Chairman and Acting CEO Andres Finkelshtain. The agenda also includes the exclusion of any […]

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ForkLog 7 10.06.2024

Bitfarms Adopts ‘Poison Pill’ to Thwart Riot Platforms Takeover

The board of directors of the mining company Bitfarms has adopted a shareholder rights plan following a purchase proposal from competitor Riot Platforms. This initiative, commonly referred to as a “poison pill,” aims to protect the interests of security holders by preventing any potential hostile takeover attempts. On May 29, it was revealed that Riot […]

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ForkLog 22 06.06.2024

Robinhood to Acquire Bitstamp for $200 Million by Mid-2025

The management of online broker Robinhood has agreed to acquire Bitstamp, the oldest European cryptocurrency exchange, for $200 million in cash, according to Reuters. The transaction is expected to close in the first half of 2025, pending regulatory approval. This initiative aims to expand Robinhood’s presence in the digital asset market. The acquisition of Bitstamp, […]

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ForkLog 7 29.05.2024

Riot Platforms Offers $950 Million Acquisition of Bitfarms

Mining firm Riot Platforms has proposed to the board of directors of rival Bitfarms an offer to purchase all publicly traded shares at a price of $2.30 each. Riot Proposes to Acquire Bitfarms for US$2.30 Per Share to Create the World’s Largest Publicly Listed Bitcoin Miner. Read the full press release here: https://t.co/SnBijrL3i7 For disclaimers, […]

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ForkLog 19 17.04.2024

AI Blockchain Projects Unite to Form ASI Token

Three AI-focused blockchain projects — SingularityNet, Fetch.ai, and Ocean Protocol — have received community approval to convert their tokens into a single coin, ASI. This was announced in a press release. In late March, the companies agreed to merge into the Artificial Superintelligence alliance. One of the initiative’s goals is to combine AGIX, FET, and […]

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ForkLog 8 27.03.2024

SingularityNet, Fetch.ai, and Ocean Protocol to Merge Tokens

Three blockchain projects focused on AI — SingularityNet, Fetch.ai, and Ocean Protocol — have agreed to merge their tokens, as reported by The Block. According to company representatives, the merger will form the “Artificial Superintelligence Alliance” with a native coin called Artificial Superintelligence (ASI). The deal aims to create the “largest independent open-source player for […]

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ForkLog 19 01.03.2024

BitFuFu Lists on Nasdaq via SPAC Merger

BitFuFu, a cloud mining service provider affiliated with Bitmain, has gone public through a reverse merger with the SPAC Arisz Acquisition Corp. We are excited to be @NasdaqExchange !https://t.co/dnsi7H4EdO — BitFuFu (@BitFuFuOfficial) March 1, 2024 According to a press release, the company’s revenues rose to $198.2 million in the first half of 2023. BitFuFu manages […]

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