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Bitfarms completes all-share acquisition of Stronghold Digital Mining for over $110 million

On March 17th, according to Crypto In America, the Canadian bitcoin mining company Bitfarms announced the successful completion of the all-stock acquisition of Stronghold Digital Mining, worth more than $110 million, becoming the largest merger between two listed bitcoin mining companies. The acquisition will make Bitfarms North American energy market share jump from 6% to 80%, especially in the United States PJM grid layout significantly enhanced. It is worth noting that Riot Platforms, the world's second largest bitcoin miner, tried to acquire Bitfarms in a hostile manner, but ultimately failed, and chose to hold a 20% stake in Bitfarms. In addition, the SEC will hold an industry roundtable this Friday to discuss the securities nature of crypto assets, which is expected to influence the future direction of industry regulation. Meanwhile, New York is hosting several crypto industry conferences this week, including Tokenize NYC, Blockworks DAS, and Medici NY, attracting many industry leaders and policymakers.