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West Virginia Backs Bitcoin Reserve as Bitfarms Secures $300M for AI Pivot

West Virginia Backs Bitcoin Reserve as Bitfarms Secures $300M for AI Pivot

West Virginia's Bitcoin reserve strategy and Bitfarms' $300 million loan show the embrace of digital assets by US states and crypto firms.
Apr, 03, 2025
7 min read
by Coinpaper
Canadian Bitcoin miner Bitfarms gains ‘Stronghold’ in US with merger completion

Canadian Bitcoin miner Bitfarms gains ‘Stronghold’ in US with merger completion

Bitfarms has completed buying Stronghold Digital Mining (SDIG). This makes Bitfarms the biggest Bitcoin miner in the PJM market and gives it a much...
Mar, 17, 2025
3 min read
by CryptoPolitan
Bitfarms Acquires Stronghold Digital, Securing 1.1GW Expansion in Pennsylvania

Bitfarms Acquires Stronghold Digital, Securing 1.1GW Expansion in Pennsylvania

Bitfarms has finalized its acquisition of Stronghold Digital Mining, gaining access to a 1.1-gigawatt energy pipeline across three sites in Pennsyl...
Mar, 17, 2025
2 min read
by Cryptonews
Bitfarms Fires Back at Riot Platforms’ Criticism, Accuses Rival of Self-Interest in Board Dispute

Bitfarms Fires Back at Riot Platforms’ Criticism, Accuses Rival of Self-Interest in Board Dispute

Bitfarms has fired back at Riot Platforms' criticism of its board and recent actions like the Stronghold acquisition, accusing its rival of acting ...
Sep, 04, 2024
3 min read
by Cryptonews
“Bitfarms Needs to Halt its Defensive Tactics,” Says Riot Platform in Open Letter

“Bitfarms Needs to Halt its Defensive Tactics,” Says Riot Platform in Open Letter

Riot Platforms, Bitfarms' largest shareholder with a 19.9% stake, issued an open letter urging the company to halt defensive tactics and allow shar...
Sep, 03, 2024
3 min read
by Cryptonews
Bitfarms expands power capacity with $125M acquisition of Stronghold Digital Mining

Bitfarms expands power capacity with $125M acquisition of Stronghold Digital Mining

Bitcoin mining company Bitfarms has announced its acquisition of Stronghold Digital Mining for about $125 million equity value
Aug, 21, 2024
1 min read
by CryptoPolitan
Bitfarms Acquires Rival Stronghold Digital in $175M Stock and Debt Deal

Bitfarms Acquires Rival Stronghold Digital in $175M Stock and Debt Deal

An official press statement states that Bitfarms will take over $50 million of Stronghold's current debt in addition to acquiring Stronghold throug...
Aug, 21, 2024
3 min read
by Cryptonews
Bitfarms to acquire Stronghold Digital Mining in $175M merger

Bitfarms to acquire Stronghold Digital Mining in $175M merger

Bitcoin miner Bitfarms said it has entered into a merger agreement to acquire Stronghold Digital Mining for $125 million in equity value, alongside...
Aug, 21, 2024
2 min read
by CryptoSlate
Potential Harris VP picks have clear winner for Bitcoin between Shapiro and Walz

Potential Harris VP picks have clear winner for Bitcoin between Shapiro and Walz

Vice President Kamala Harris is about to announce her running mate for the 2024 presidential election, with Pennsylvania Governor Josh Shapiro and ...
Aug, 06, 2024
3 min read
by CryptoSlate
Stronghold discloses 47% drop in BTC output in May, more than Cipher, Marathon

Stronghold discloses 47% drop in BTC output in May, more than Cipher, Marathon

Stronghold Digital Mining reported a 47.1% decline in its monthly Bitcoin mining output in May. The firm mined 82 BTC during the first full month f...
Jun, 08, 2024
2 min read
by CryptoSlate