Express
Northern Data AG Acquires Bitcoin Miner Bitfield, 33,000 Miners Gained in Stock-for-Stock Deal
Summary: On Monday, the high-performance computing (HPC) infrastructure provider and bitcoin mining firm Northern Data AG announced the acquisition of the bitcoin mining operation Bitfield N.V. in a stock-for-stock deal. The acquisition will allow Northern Data to obtain 33,000 ASIC bitcoin miners via the deal. “Northern Data will acquire an equity interest of up to 100% ...
On Monday, the high-performance computing (HPC) infrastructure provider and bitcoin mining firm Northern Data AG announced the acquisition of the bitcoin mining operation Bitfield N.V. in a stock-for-stock deal.
The acquisition will allow Northern Data to obtain 33,000 ASIC bitcoin miners via the deal. “Northern Data will acquire an equity interest of up to 100% (but not less than 86%) in Bitfield N.V. for a total enterprise value of up to approximately EUR 400 million and has signed binding purchase agreements with the major shareholders today,” the company announced.
Northern Data will gain immediate access to Bitfield’s deployable ASIC mining rigs and current hardware including “over 6,600 high-performance ASIC miners already in operation.” “Commissioning schedule for deployment of another already available 26,000 brand-new miners, primarily at sites in North America, is expected to be completed by end of Q1 2022,” Northern Data details.
By Amy Liu
Tags: acquire,Bitfield,miner,Northern Data AG
Link: Northern Data AG Acquires Bitcoin Miner Bitfield, 33,000 Miners Gained in Stock-for-Stock Deal [Copy]
