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New Deal


Announced

Bitfarms to acquire 22MW of hydro power capacity.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Canada

hydro power plants

Private

Pending

Friendly

Acquisition

Majority

Single Bidder

Renewable Energy Equipment

Domestic

Infrastructure

Synopsis

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Bitfarms, a global Bitcoin vertically integrated company, agreed to acquire 22MW of hydro power capacity. Financial terms were not disclosed. “Executing our strategy to cost-effectively expand our operating footprint, we have entered agreements to add reliable hydro power in Quebec,” Geoff Morphy, Bitfarms CEO.

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