Bitfarms has successfully acquired Stronghold Digital Mining, growing its energy portfolio to 623 Megawatts under management. This strategic move secures a 1.1 GW growth pipeline across multiple sites in Pennsylvania, aligning with Bitfarms’ expansion goals in the digital asset mining sector.

Ben Gagnon, CEO of Bitfarms, emphasized the strategic importance of this acquisition for strengthening the company’s positioning in the U.S. Market, particularly in the PJM energy region, and developing high-performance computing and AI capabilities.