Bitfarms (TSE:BITF) has released an update.
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Bitfarms Ltd., a global Bitcoin data center company, has announced the strategic acquisition of Stronghold Digital Mining, Inc. in a deal aimed at expanding its energy portfolio and operational capacity. The merger, valued at roughly $175 million, will significantly increase Bitfarms’ hashrate and power generation capabilities, positioning the company for substantial growth by year-end 2025.
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