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

Plus, Cathie Wood’s Ark Invest celebrated the new year with more COIN sales

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

Ripple previously announced its intent to acquire Fortress on Sept. 8

Satsuma’s co-founder told Blockworks he closed the acquisition deal with Alchemy last month

Fortress Trust provides financial, regulatory and infrastructure for Web3 firms