Mining company Bitfarms completes full stock acquisition of Stronghold Digital Mining for over $110 million

According to Crypto In America, Canadian Bitcoin mining company Bitfarms announced the successful completion of its all stock acquisition of Stronghold Digital Mining, valued at over $110 million, making it the largest merger between two listed Bitcoin mining companies. This acquisition will increase Bitfarms' North American energy market share from 6% to 80%, particularly with a significant strengthening of its presence in the PJM grid in the United States. It is worth noting that Riot Platforms, the world's second-largest Bitcoin mining company, had previously attempted a hostile takeover of Bitfarms, but ultimately failed and chose to hold a 20% stake in Bitfarms. In addition, the US SEC will hold an industry roundtable meeting this Friday to discuss the securities attributes of cryptocurrency assets, which is expected to affect future industry regulatory directions. At the same time, multiple cryptocurrency industry conferences were held in New York this week, including Tokenize NYC, Blockworks DAS, and Medici NY, attracting a large number of industry leaders and policy makers to participate.