Sequoia to make $100M windfall from Stripe’s Bridge acquisition: Report
Sequoia Capital owns 16% of Bridge, which is set to be acquired by payments platform Stripe for $1.1 billion. Go to Source
Acquisition
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TechCrunch founder says Stripe has acquired Bridge for $1.1B
The deal would mark one of crypto’s largest acquisitions, though neither company has publicly confirmed the deal. Go to Source
Stripe acquires stablecoin platform Bridge for $1.1B: Techcrunch founder
The deal marks one of crypto’s largest acquisitions, allowing more businesses to deal in stablecoins. Go to Source
Aptos Labs enters Japan through HashPalette acquisition
Aptos Labs’ acquisition of HashPalette positions the company to integrate Japanese businesses into its blockchain ecosystem and expand Web3 innovation. Go to Source
Cleanspark Expands Bitcoin Mining Operations by Acquiring 7 Tennessee Facilities
Cleanspark Inc. has unveiled plans to acquire seven bitcoin mining facilities in Knoxville, Tennessee. The $27.5 million deal is expected to boost the company’s current mining capacity by 5 exahash per second (EH/s) by 2024, representing a 22% increase in its operational hashrate. Cleanspark to Acquire 7 Bitcoin Mining Facilities in $27.5M Deal, Boosting Hashrate … Read more
Cipher Mining Boosts Bitcoin Data Center Portfolio With 300 MW Texas Site Purchase
This week, Cipher Mining Inc. revealed that it has acquired a sprawling 250-acre property in West Texas, which includes a 300-megawatt (MW) data center. The company also highlighted that this location is ideal for high-performance computing (HPC) services. Cipher Mining Grows to 2.5 GW Portfolio In its announcement, Cipher (Nasdaq: CIFR) shared that it invested … Read more
Bitcoin Miner Bitfarms to Acquire Stronghold Digital Mining in $125 Million Merger
On Wednesday, Bitfarms Ltd. announced plans to acquire Stronghold Digital Mining Inc. in a stock-for-stock merger valued at approximately $125 million, along with the assumption of $50 million in debt. The deal, expected to close in the first quarter of 2025, aims to expand Bitfarms’ energy portfolio in the U.S. and integrate power generation capabilities … Read more
Bitfarms acquires Stronghold Digital Mining in $125M deal
As part of the acquisition, Stronghold shareholders will receive 2.52 shares of Bitfarms for each share held. Go to Source
Bitwise Expands European Presence Through Acquisition of ETC Group
Bitwise Asset Management has taken a bold step into the European market by acquiring ETC Group, a London-based provider of cryptocurrency exchange-traded products (ETPs). This strategic move increases Bitwise’s assets under management to over $4.5 billion, adding nine European-listed crypto ETPs to its expanding portfolio. Bitwise Enters European Market by Acquiring ETC Group, Boosting Crypto … Read more
Bitfarms Reveals Leadership Changes Amid Ongoing Conflict With Riot Platforms
Bitfarms Ltd. has announced significant changes to its board of directors and executive team as the company continues to navigate a takeover bid and governance dispute with Riot Platforms Inc. The latest leadership updates include the appointment of CEO Ben Gagnon to the board and the resignation of co-founder and chairman Nicolas Bonta. Bitfarms Restructures … Read more
