Canadian Bitcoin mining company Bitfarms has completed the acquisition of Stronghold.

Bitfarms: In January, mined 201 BTC, expected to complete Stronghold acquisition in Q1.

According to TheMinerMag, Bitcoin mining company Stronghold Digital has been fined over $1.40 million by the Federal Energy Regulatory Commission (FERC) for violating energy market rules and prioritizing electricity supply for Bitcoin mining. Of this amount, $678.60 thousand must be refunded to PJM, and $741.40 thousand will be paid as a civil penalty to the U.S. Department of the Treasury. FERC's investigation found that Stronghold's Scrubgrass power plant failed to fulfill its contractual obligation to provide available power to the PJM grid from June 2021 to May 2022, diverting electricity for Bitcoin mining during 57% of day-ahead market trading hours and 59% of real-time market trading hours. Additionally, Stronghold was accused of purchasing electricity at wholesale prices and incorrectly classifying some of its electricity usage as "station power." Stronghold exited the PJM capacity market in June 2022, but it may still be required to participate in future auctions unless it formally applies for an exemption or shifts to providing only energy resources.

Bitcoin mining company Bitfarms mined a total of 2,914 BTC in 2024.

In October, the mining company Bitfarms produced 236 BTC and sold 194 BTC during the month.

Bitfarms partners with Stronghold to expand Bitcoin mining operations

Bitfarms expands its U.S. operations, adding 10,000 Bitcoin miners with Stronghold, boosting efficiency and leveraging renewable power despite a recent 10% stock dip amid market downturns.For more details, visit: https://t.co/KeZXwdZmX4 https://t.co/zrlIHXGIMc

Bitfarms Signs Agreement with Stronghold for 10,000 Bitcoin Miners

Bitcoin mining company Bitfarms has reached a hosting agreement with Stronghold, planning to add 10,000 Bitmain T21 miners.

Stronghold Crypto Surges 60%: Future Prospects Amid Market Challenges

Bitfarms Defends Stronghold Acquisition Amid Takeover Battle with Riot

Bitcoin mining company Stronghold mined 63 bitcoins in August, generating approximately $4 million in revenue.

Bitcoin mining company Stronghold mined 63 bitcoins in August, generating approximately 4 million dollars in revenue.

Bitfarms and Riot Platforms Escalate Dispute Over Takeover and Governance

Bitcoin mining company Riot issues a warning to Bitfarms, expressing concerns about its acquisition of Stronghold plan.

Riot Platforms Criticizes Bitfarms' Proposed Acquisition and Board Changes

Architect Partners: The Bitcoin mining industry is in a phase of consolidation.

Architect Partners Report: Bitcoin Mining Industry is in a Consolidation Phase

BTC Miner Bitfarms Buys Stronghold Digital Mining for $125 Million https://t.co/sYFIK7RnAN #breaking #news #crypto #cryptonews

Bitfarms Acquires Stronghold Digital Mining for $175 Million, Boosting Power Capacity and Diversification

Bitfarms and Stronghold have signed a final merger agreement, expected to be completed in the first quarter of next year.

Bitfarms and Stronghold have signed a final merger agreement, expected to be completed in the first quarter of next year.

Bitfarms, a Bitcoin mining company, has agreed to acquire Stronghold Digital for $175 million.

Bitfarms, a Bitcoin mining company, acquires competitor Stronghold Digital for $175 million.

Insiders: Bitcoin mining company Bitfarms is in talks to acquire Stronghold for $164 million

Insiders: Bitfarms is in talks to acquire Stronghold Digital for about $164 million

Insiders: Bitfarms plans to acquire Stronghold for $164 million to fend off Riot's acquisition.

Bitfarms in Talks to Acquire Stronghold for $164M, Resists Riot's $950M Bid

Bitfarms in Talks to Acquire Stronghold for $164 Million Amid Takeover Defense

Bitfarms Acquires Stronghold Digital Mining in $125M Equity Deal

Bitfarms Acquires Stronghold in $125 Million Stock Deal

Bitfarms Acquires Stronghold Digital for $175M Amidst Strategic Shifts

US-listed Bitcoin miners hit a record high in global hash rate share.

US-listed Bitcoin miners hit a record high in global hash rate share in July

Stronghold Digital Mining's Strategic Shift Post-Bitcoin Halving Boosts Revenue

Stronghold Digital Mining Considers Sale Amid Undervaluation Concerns

Cryptocurrency Industry Updates: BlackRock Bullish on Bitcoin ETF, STRONGHOLD Seeks Sale, and Other Key Developments

Stronghold Digital Mining Considers Sale to Maximize Shareholder Value

Stronghold Bitcoin Mining Firm Considers Sale After Halving Reduces Profits

Stronghold Considers Sale Among Other Strategic Options