ChainCatcher news, according to Cointelegraph, Bitcoin mining company Bitfarms announced a hosting agreement with Stronghold Digital Mining to add 10,000 Bitmain T21 mining machines to its Panther Creek mining facility in Pennsylvania, with operations set to begin on October 1, 2024, which will increase Bitfarms' hash rate by 2.2 EH/s.It is reported that Bitfarms will pay Stronghold a fee equivalent to 50% of the profits generated by the miners, which will be renewed annually according to the terms of the hosting agreement until either party decides not to renew the contract.

ChainCatcher news, according to CoinDesk, Bitcoin mining company Bitfarms has announced its agreement to acquire competitor Stronghold Digital (SDIG) for $175 million.Bitfarms stated in a press release that the offer includes exchanging 2.52 shares of Bitfarms stock for each share of Stronghold, representing a 71% premium over Stronghold's 90-day volume-weighted average price on Nasdaq as of August 16. Stronghold indicated in May that it was exploring strategic alternatives, including the sale of the company.Previous news, as reported by Bloomberg citing informed sources, Bitcoin mining company Bitfarms is negotiating to acquire Stronghold Digital Mining Inc. for approximately $164 million, while also fending off acquisition attempts from Riot Platforms Inc.

ChainCatcher news, mining company Stronghold Digital (SDIG) will host 4,000 mining machines provided by Cantaloupe Digital, a subsidiary of Canaan Creative (CAN), with 2,000 A1246 and 2,000 A1346 miners offering a total capacity of 400 petahash (PH/S). The A1246 miners will be installed by May 15, and the A1346 miners will be installed a month later.Stronghold CEO Greg Beard stated that since August, Stronghold has procured approximately 22,000 mining machines at a cost of $15 million, with a capacity of 2.2 exahash (EH/s). (Source link)

ChainCatcher news, Bitcoin mining company Stronghold Digital Mining announced that it has signed a securities purchase agreement with institutional investors and company Chairman and CEO Greg Beard to sell 9 million shares of Class A common stock and stock equivalents to institutional investors, as well as to grant Beard 1 million shares of Class A common stock, at a price of $1 per share in each case. The company will also issue warrants to purchase a total of 10 million shares of Class A common stock to the purchasers, with an initial exercise price of $1.10 per share (subject to adjustment), and such warrants may not be exercised for six months following the issuance. Before deducting issuance costs, the total proceeds from the private placement are expected to be $10 million, which is anticipated to be used to acquire more Bitcoin mining machines. The private placement is expected to close on April 21, 2023. (source link)

ChainCatcher news, Bitcoin mining company Stronghold Digital Mining reported third-quarter revenue of $24.7 million and a net loss of $49.6 million. Among them, liquid funds are approximately $27 million, including $27 million in cash and 19 bitcoins, with a principal amount of outstanding debt of $82 million and net debt of $55 million, reduced by 51% since June 30. (source link)