BRIEF-Bitfarms To Acquire Stronghold Digital Mining-February 2024-www.financetom.com

BRIEF-Bitfarms To Acquire Stronghold Digital Mining

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BRIEF-Bitfarms To Acquire Stronghold Digital Mining

Aug 24, 2024 5:10 PM

Aug 21 (Reuters) - Bitfarms Ltd ( BITF ):

* BITFARMS TO ACQUIRE STRONGHOLD DIGITAL MINING

* BITFARMS LTD ( BITF ) - TO ACQUIRE STRONGHOLD IN US$125 MILLION

STOCK-FOR-STOCK MERGER

* BITFARMS LTD ( BITF ): DEAL TO ALSO INCLUDE ASSUMPTION OF DEBT

VALUED AT

ABOUT US$50 MILLION

* BITFARMS ( BITF )- STRONGHOLD SHAREHOLDERS TO RECEIVE 2.52 SHARES

BITFARMS FOR EACH SHARE OF STRONGHOLD THEY OWN, CONSIDERATION

PER SHARE OF U.S. $6.02

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