Bitfarms Acquires Stronghold to Boost North American Energy Portfolio

Bitfarms, a leading cryptocurrency mining company, has finalized its acquisition of Stronghold Digital Mining in March 2025. The stock-for-stock merger gives Bitfarms control over three sites in Pennsylvania with land and fiber suited for both Bitcoin mining and high-performance computing.

The deal increases the company's energy portfolio to 623 Megawatts Under Management, including 165 MW of active generating capacity from the Scrubgrass and Panther Creek facilities and 142 MW of immediately available import capacity. Bitfarms now controls a massive scaling effort by integrating Stronghold's assets, including land with options on 1,100 additional acres.

The company plans to rebalance its energy portfolio to 80% North American and 20% international by the end of 2025. This move shifts the company’s U.S. footprint away from the 6% presence seen in 2024.