04:38 PM EDT, 10/14/2024 (MT Newswires) -- Bit Digital ( BTBT ) said Monday it has acquired Enovum Data Centers, a developer and operator of datacenters, for about CA$62.8 million ($46 million).

The acquisition, which closed on Friday, was completed on a debt-free, cash-free basis, the company said. It funded the deal with about CA$56 million in cash and about 1.62 million share equivalents issued to key management.

Bit Digital ( BTBT ) said it will retain key Enovum employees to ensure operational continuity and support expansion development.

Shares of Bit Digital ( BTBT ) were up over 3% in after-hours activity.

Price: 3.4000, Change: +0.11, Percent Change: +3.34