Brief: Bitfarms To Acquire Stronghold Digital Mining
21/08/2024 12:06
Aug 21 (Reuters) - Bitfarms Ltd BITF.TO :
* BITFARMS TO ACQUIRE STRONGHOLD DIGITAL MINING
* BITFARMS LTD - TO ACQUIRE STRONGHOLD IN US$125 MILLION
STOCK-FOR-STOCK MERGER
* BITFARMS LTD: DEAL TO ALSO INCLUDE ASSUMPTION OF DEBT
VALUED AT
ABOUT US$50 MILLION
* BITFARMS- STRONGHOLD SHAREHOLDERS TO RECEIVE 2.52 SHARES
OF
BITFARMS FOR EACH SHARE OF STRONGHOLD THEY OWN, CONSIDERATION
PER SHARE OF U.S. $6.02
Source text for Eikon: ID:nGNXb4YC1r
Further company coverage: BITF.TO
((Reuters.Briefs@thomsonreuters.com;))
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