M&A
Stronghold Digital Mining’s market value compared to its peers is “hard for us to understand,” CEO says
Marathon Digital and Riot Platforms each have more than $1 billion in cash and BTC to deploy, while CleanSpark has said it could be “one of the most aggressive acquirers”
Though some expect most public miners to survive the halving, the segment’s most vulnerable could fall victim to consolidations and defaults
Industry giants Marathon Digital and Riot Platforms together have roughly $3 billion in combined cash and BTC on their balance sheets
CEO Asher Genoot said Hut 8 is looking at ways to boost its presence in the high-performance computing and AI realms
Public mining companies have been acquiring sites, refreshing machine fleets and diversifying business models in preparation for the event
The planned $87 million deal follows Marathon’s purchase of two mining facilities in January
GBTC operator’s “eyes and ears are open” when approached about potential strategic deals, CEO Michael Sonnenshein says
CoinList plans to buy the company, which holds a South Dakota license to offer custody services
Fresh off merging with US Bitcoin Corp, the company’s chief executive now tasked with “hard decisions to divest, invest and grow our assets”
Former US Bitcoin Corp president is set to replace Jaime Leverton, who was Hut 8’s chief executive since December 2020
Acquired firm Brassica offers custody and transfer agent services for private securities and alternative investments
A range of traditional finance firms entering the crypto space have done so in recent months via link-ups with sector companies
The Japanese business Monex includes asset management, online brokerage and a crypto exchange
Financial institutions could start acquiring larger crypto players in the coming year as the segment gains regulatory clarity, a Baker Botts partner says
Arkon Energy links up with blockchain data center consultant Sabre56 as miners continue jockeying for position ahead of next year’s bitcoin halving
Fresh off a combination with US Bitcoin Corp., Hut 8 labels building its presence in AI infrastructure and compute as a key focus
The Aave protocol developer is changing its name and acquiring the self-custody wallet service Family
The agreement gives CoinShares the opportunity to expand its influence in the US digital asset market, with the option to acquire Valkyrie’s investment advisory business
More real-world adoption and regulatory certainty is needed in the segment to boost depressed M&A activity, according to Architect Partners executive
Satsuma’s co-founder told Blockworks he closed the acquisition deal with Alchemy last month
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