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New Deal


Announced

Marathon Digital Holdings to acquire a Bitcoin mining data center from Applied Digital for $87m.

Financials

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Transaction Value£68m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

United States

Data Centers and Hosting

Acquisition

bitcoin mining

Private

Domestic

data center

Majority

Pending

Friendly

Synopsis

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Marathon Digital Holdings, a publicly traded Bitcoin miner, agreed to acquire a Bitcoin mining data center from Applied Digital, a designer, developer and operator of data centers, for $87m. “Marathon has been a valuable partner of ours since 2022, and we welcome them as the new stewards of this state-of-the-art bitcoin mining data center in Garden City, Texas. We look forward to closing this mutually beneficial transaction, which we believe allows both companies to pursue their long-term strategies more effectively," Wes Cummins, Applied Digital Chairman and CEO.

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