08:44 AM EDT, 03/17/2025 (MT Newswires) -- Bitfarms ( BITF ) , a Bitcoin and vertically integrated data center company, on Monday completed its previously announced acquisition of Stronghold Digital Mining in an all-stock deal.

"The completion of this strategic acquisition further expands our U.S. footprint and makes us the industry leader in the PJM market," said Bitfarms ( BITF ) Chief Executive Ben Gagnon. "With Stronghold's portfolio of power assets, combined with our operational expertise and balance sheet strength, we are well positioned to create long-term value for our shareholders by executing on our US strategy and developing an HPC/AI business geared for scale."

U.S.-listed shares of the company were last seen up $0.01 at $1.120 in pre-market trading.