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Bitcoin Miner Bitfarms to Buy Rival Stronghold Digital for $175M in Stock, Debt

The deal comes weeks after Riot Platforms dropped a bid to buy Bitfarms, choosing to try and overhaul the company's board before pursuing a takoever again.

By Sheldon Reback|Edited by Stephen Alpher, Will Canny

Updated Aug 21, 2024, 12:17 p.m. Published Aug 21, 2024, 11:16 a.m.

Stronghold Digital Mining CEO Greg Beard (right) and Co-Chairman Bill Spence (left). (Stronghold Digital Mining)