POW.RE to acquire Block Green.

POW.RE, a Bitcoin mining technology company, agreed to acquire Block Green, a Bitcoin liquidity protocol and financial services platform, from Founders Fund, a venture capital firm, Coinbase Ventures, investor in the crypto ecosystem, and FJ Labs, stage-agnostic investment firm. Financial terms were not disclosed. “This strategic combination would represent a transformative step forward in our mission to build a comprehensive Bitcoin credit infrastructure platform. Block Green’s innovative financial solutions and regulatory framework align perfectly with our vision to expand beyond traditional Bitcoin mining operations. Together, we’ll create new revenue streams while offering miners and investors access to sophisticated financial tools built on Bitcoin and powered by hashrate,” Mike Cohen, POW.RE CEO.