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Northern Data to obtain 33K ASIC miners through Bitfield acquisition


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559698bc836be4174c42841b3c473303Cryptocurrency13 minutes ago (Sep 29, 2021 04:20AM ET)


Northern Data to obtain 33K ASIC miners through Bitfield acquisition

Blockchain and high performance computing firm Northern Data has announced it will acquire miner Bitfield.

According to a Monday press release, all major shareholders signed a binding purchase agreement for the entire Bitfield enterprise to be sold at a value of roughly $460 million. Northern Data will acquire an equity interest of between 86% and 100% in Bitfield as per the agreement.

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