German listed mining company Northern Data will acquire Bitcoin mining company Bitfield.

According to news, Northern Data, a German-listed mining company, and high-performance computing infrastructure provider, announced that it would acquire Bitcoin mining company Bitfield in the form of stock-for-stock. Northern Data will receive 33,000 ASIC miners of the latest generation. Northern Data will acquire up to 100% (not less than 86%) of Bitfield NV. The total value of Bitfield NV is up to approximately 400 million euros. The major shareholders of both parties have signed a binding acquisition agreement. Northern Data will immediately obtain Bitfield's deployable ASIC miners and current hardware, including more than 6,600 high-performance ASIC miners already in operation. Another 26,000 new miners will be deployed by the end of the first quarter of 2022, with significant mines in the United States and Canada. Through this acquisition, Northern Data has added a new bitcoin mining business and its existing bitcoin custody and services, altcoin mining, and cloud computing businesses.