Northern Data to obtain 33K ASIC miners through Bitfield acquisition

Northern Data to obtain 33K ASIC miners through Bitfield acquisition

Northern Data believes the acquisition will position it as a leading mining firm globally. Blockchain and high performance computing firm Northern Data has announced it will acquire Bitcoin miner Bitfield. According to a Sept. 27 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.Northern Data claims it has become “a leading global Bitcoin mining company” through the acquisition, with....


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