Stronghold Digital Mining
Vertically integrated Bitcoin mining company that operated two coal refuse-fueled power plants in Pennsylvania (Scrubgrass and Panther Creek). Acquired by Bitfarms in a stock-for-stock merger valued at ~$125 million plus $50 million assumed debt, completed March 17, 2025.
Owned / funded by
Capital and control flowing in
All-stock acquisition completed March 17, 2025, valued at approximately $125M equity plus ~$50M assumed debt, adding 165 MW of generating capacity.
- Scrubgrass Generating Co.· subsidiary of
Scrubgrass plant owned by Stronghold Digital Mining (Scrubgrass Reclamation Company subsidiary).
Owns / has invested in
Capital and control flowing out
Bitfarms (Nasdaq/TSX: BITF) acquired Stronghold Digital Mining in a stock-for-stock merger valued at ~$125M equity plus $50M assumed debt; transaction closed March 17, 2025, making Stronghold a wholly-owned subsidiary of Bitfarms.
Data centers
1 project in the dataset
- Bitfarms Scrubgrass· developsKennerdell, Venango, PAOperational85 MW