Stronghold Digital Mining, Inc. has received approval from its stockholders for a proposed merger with Bitfarms Ltd. The merger is expected to close in March 2025, pending certain conditions being met. Bitfarms' stock has seen an increase in trading as investors believe the current price undervalues the mining company. Both companies are making strategic shifts in response to market dynamics, with Bitfarms repurposing some facilities into AI data centers. Bitfarms recently settled with Riot Platforms, and analysts predict that the stock price could reach $4.



Other News from Today