Northern Data AG Acquires Bitcoin Miner Bitfield — 33,000 Miners Gained in Stock-for-Stock Deal

Northern Data AG Acquires Bitcoin Miner Bitfield — 33,000 Miners Gained in Stock-for-Stock Deal


On Monday, the high-performance computing (HPC) infrastructure provider and bitcoin mining firm Northern Data AG announced the acquisition of the bitcoin mining operation Bitfield N.V. in a stock-for-stock deal. Northern Data says the company will obtain 33,000 of the latest generation ASIC bitcoin miners from the arrangement.

Northern Data AG Acquires Bitfield N.V. — Firm gains Immediate Access to Deployable ASIC Mining Rigs

The Bitcoin network hashrate is hovering just above the 140 exahash per second (EH/s) handle at the time of writing. Bitcoin mining has become incredibly competitive and operations are attempting to be more energy efficient. In 2021, there’s been a number of orders and acquisitions of thousands of ASIC bitcoin miners. On September 27, the HPC infrastructure provider and bitcoin mining company Northern Data AG announced the acquisition of the operation Bitfield.

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The acquisition will allow Northern Data to obtain 33,000 ASIC bitcoin miners via the deal. “Northern Data will acquire an equity interest of

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