{"id":12592,"date":"2021-09-27T22:54:14","date_gmt":"2021-09-27T22:54:14","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/northern-data-ag-acquires-bitcoin-miner-bitfield-33000-miners-gained-in-stock-for-stock-deal\/"},"modified":"2021-09-27T22:54:14","modified_gmt":"2021-09-27T22:54:14","slug":"northern-data-ag-acquires-bitcoin-miner-bitfield-33000-miners-gained-in-stock-for-stock-deal","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/northern-data-ag-acquires-bitcoin-miner-bitfield-33000-miners-gained-in-stock-for-stock-deal\/","title":{"rendered":"Northern Data AG Acquires Bitcoin Miner Bitfield \u2014 33,000 Miners Gained in Stock-for-Stock Deal"},"content":{"rendered":"

On Monday, the high-performance computing (HPC) infrastructure provider and bitcoin mining firm Northern Data AG announced the acquisition of the bitcoin mining operation Bitfield N.V. in a stock-for-stock deal. Northern Data says the company will obtain 33,000 of the latest generation ASIC bitcoin miners from the arrangement. <\/strong><\/p>\n

Northern Data AG Acquires Bitfield N.V. \u2014 Firm gains Immediate Access to Deployable ASIC Mining Rigs<\/h2>\n

The Bitcoin network hashrate is hovering just above the 140 exahash<\/a> per second (EH\/s) handle at the time of writing. Bitcoin mining has become incredibly competitive and operations are attempting to be more energy efficient. In 2021, there\u2019s been a number of orders<\/a> and acquisitions of thousands<\/a> of ASIC bitcoin miners. On September 27, the HPC infrastructure provider and bitcoin mining company Northern Data AG<\/a> announced the acquisition of the operation Bitfield<\/a>.<\/p>\n

The acquisition will allow Northern Data to obtain 33,000 ASIC bitcoin miners via the deal. \u201cNorthern Data will acquire an equity interest of up to 100% (but not less than 86%) in Bitfield N.V. for a total enterprise value of up to approximately EUR 400 million and has signed binding purchase agreements with the major shareholders today,\u201d the company announced.<\/p>\n

Northern Data will gain immediate access to Bitfield\u2019s deployable ASIC mining rigs and current hardware including \u201cover 6,600 high-performance ASIC miners already in operation.\u201d<\/p>\n

\u201cCommissioning schedule for deployment of another already available 26,000 brand-new miners, primarily at sites in North America, is expected to be completed by end of Q1 2022,\u201d Northern Data details.<\/p>\n

Stock-for-Stock Transaction: The Issuance of up to 5.1 Million Shares in Northern Data AG<\/h2>\n

The transaction between both parties will be a \u201cstock-for-stock transaction involving the issuance of up to 5.1 million shares in Northern Data AG.\u201d All of the bitcoin mining sites are \u201cprimarily\u201d located \u201cin Canada and the U.S.A.,\u201d the announcement on Monday details. The company plans to \u201cincrease in the number of ASIC miners and GPU server systems\u201d in the future.<\/p>\n

\u201cThe takeover of Bitfield is an important pillar of our scalable growth strategy,\u201d Aroosh Thillainathan, the founder and CEO of Northern Data AG said in a statement sent to Bitcoin.com News. \u201cWith this acquisition, we add bitcoin mining to our three existing businesses \u2013 bitcoin hosting and services, altcoin mining and cloud computing \u2013 and achieve an even greater increase in value, not least of all because of the trend in mining profitability.\u201d<\/p>\n

What do you think about Northern Data AG acquiring the bitcoin mining firm Bitfield? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

Bitcoin News
\nMining, 33K miners, Aroosh Thillainathan, ASIC, ASIC miners, Bitcoin, Bitcoin (BTC), Bitcoin Miners, Bitcoin mining, Bitfield, BTC Mining, GPU, high-performance computing (HPC), HPC, Mining Operations, Northern Data AG<\/p>\n","protected":false},"excerpt":{"rendered":"

On Monday, the high-performance computing (HPC) infrastructure provider and bitcoin mining firm Northern Data AG announced the acquisition of the bitcoin mining operation Bitfield N.V. in a stock-for-stock deal. Northern Data says the company will obtain 33,000 of the latest generation ASIC bitcoin miners from the arrangement. Northern Data AG Acquires Bitfield N.V. \u2014 Firm…<\/p>\n","protected":false},"author":0,"featured_media":12593,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-12592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/12592"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=12592"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/12592\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/12593"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=12592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=12592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=12592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}