PANews reported on March 17 that according to Crypto In America, the Canadian Bit mining company Bitfarms announced the successful completion of the full stock acquisition of Stronghold Digital Mining, with a transaction value of over $110 million, making it the largest merger and acquisition case between two listed Bit mining companies. This acquisition will increase Bitfarms' market share in the North American energy market from 6% to 80%, particularly strengthening its presence in the US PJM grid.
It is worth noting that previously, Riot Platforms, the world's second-largest Bit mining company, had attempted to make a hostile acquisition of Bitfarms, but ultimately failed and chose to hold a 20% stake in Bitfarms.
In addition, the US SEC will hold an industry roundtable 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 is hosting a number of crypto industry conferences this week, including Tokenize NYC, Blockworks DAS, and Medici NY, attracting many industry leaders and policymakers to participate.
