PANews reported on March 17 that according to Crypto In America, Canadian Bitcoin mining company Bitfarms announced the successful completion of the all-stock acquisition of Stronghold Digital Mining, with a transaction value of more than $110 million, becoming the largest merger and acquisition case between two listed Bitcoin mining companies. The acquisition will increase Bitfarms' share of the North American energy market from 6% to 80%, especially significantly enhancing its layout in the PJM power grid in the United States.
It is worth noting that Riot Platforms, the world's second largest Bitcoin mining company, previously attempted a hostile takeover of Bitfarms, but ultimately failed and chose to hold a 20% stake in Bitfarms.
In addition, the US SEC will hold an industry roundtable meeting this Friday to discuss the securities attributes of crypto assets, which is expected to affect the future direction of industry regulation. At the same time, New York held several crypto industry conferences this week, including Tokenize NYC, Blockworks DAS and Medici NY, attracting many industry leaders and policymakers to participate.
