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Northern Data to obtain 33K ASIC miners through Bitfield acquisition

Published 09/28/2021, 02:32 AM
Updated 09/28/2021, 04:20 AM
Northern Data to obtain 33K ASIC miners through Bitfield acquisition

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.

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