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Bitfarms | 425: Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions

Bitfarms | 425: Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions

Bitfarms | 425:募資說明/企業合併公告
美股SEC公告 ·  09/06 05:33

牛牛AI助理已提取核心訊息

Bitfarms Ltd., a cryptocurrency mining company, has announced its plans to acquire Stronghold Digital Mining, Inc. The transaction, which is subject to shareholder and regulatory approvals, is expected to close next year. Bitfarms is set to purchase Stronghold for $175 million, which includes taking on $50 million of Stronghold's debt. The deal represents a 100% premium over Stronghold's company value prior to the offer, a significant increase compared to the 30% premium offered by Riot in a previous bid for Bitfarms. The acquisition aims to expand Bitfarms' operational capacity, with a target hashrate of 10 EH/s by 2025 and an increase in the Bitfarms energy portfolio to 950 MW by year-end 2025. The merger is also expected to provide synergies, enhanced energy efficiency, and...Show More
Bitfarms Ltd., a cryptocurrency mining company, has announced its plans to acquire Stronghold Digital Mining, Inc. The transaction, which is subject to shareholder and regulatory approvals, is expected to close next year. Bitfarms is set to purchase Stronghold for $175 million, which includes taking on $50 million of Stronghold's debt. The deal represents a 100% premium over Stronghold's company value prior to the offer, a significant increase compared to the 30% premium offered by Riot in a previous bid for Bitfarms. The acquisition aims to expand Bitfarms' operational capacity, with a target hashrate of 10 EH/s by 2025 and an increase in the Bitfarms energy portfolio to 950 MW by year-end 2025. The merger is also expected to provide synergies, enhanced energy efficiency, and carbon capture potential. However, the deal has raised concerns among shareholders regarding the high premium and potential share dilution. The merger will involve a share swap, with Stronghold shareholders receiving Bitfarms shares. The announcement was made on September 4, 2024, and further details will be provided in a proxy statement/prospectus to be filed with the SEC.
數字貨幣挖礦公司Bitfarms Ltd.宣佈了收購Stronghold Digital Mining, Inc.的計劃。該交易需要股東和監管機構批准,預計將於明年結束。Bitfarms擬以17500萬美元收購Stronghold,其中包括承擔Stronghold 5000萬美元的債務。該交易比之前Riot爲收購Bitfarms所提出的30%溢價要高出100%,顯著提高了Stronghold在報價前的公司價值。收購旨在擴大Bitfarms的運營能力,到2025年實現10 EH/s的算力目標,並將Bitfarms的能源組合提高到2025年年底的950兆瓦。此外,該合併還預計將帶來協同效應、增強能源效率和碳捕獲潛力。然而,該交易引起了股東對高溢價和潛在股份稀釋的擔憂。合併將涉及股權交換,Stronghold股東將獲得Bitfarms股份。該公告於2024年9月4日發佈,並將在與SEC提交的一份代理聲明/招股說明書中提供更多細節。
數字貨幣挖礦公司Bitfarms Ltd.宣佈了收購Stronghold Digital Mining, Inc.的計劃。該交易需要股東和監管機構批准,預計將於明年結束。Bitfarms擬以17500萬美元收購Stronghold,其中包括承擔Stronghold 5000萬美元的債務。該交易比之前Riot爲收購Bitfarms所提出的30%溢價要高出100%,顯著提高了Stronghold在報價前的公司價值。收購旨在擴大Bitfarms的運營能力,到2025年實現10 EH/s的算力目標,並將Bitfarms的能源組合提高到2025年年底的950兆瓦。此外,該合併還預計將帶來協同效應、增強能源效率和碳捕獲潛力。然而,該交易引起了股東對高溢價和潛在股份稀釋的擔憂。合併將涉及股權交換,Stronghold股東將獲得Bitfarms股份。該公告於2024年9月4日發佈,並將在與SEC提交的一份代理聲明/招股說明書中提供更多細節。

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