{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-038104","form_type":"8-K","ticker":null,"cik":"0001856028","company_name":"Stronghold Digital Mining, Inc.","filed_at":"2024-08-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.965618+00:00","generated_at":"2026-05-31T08:07:26.040110+00:00","sec_items":["1.01","5.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Stronghold Digital Mining to be acquired by Bitfarms in all-stock deal at 2.520 exchange ratio","bullets":["Each Stronghold Class A share converted into 2.520 Bitfarms common shares; Class V cancelled with no payment.","Series C Preferred to convert into 250 Class A shares per share immediately prior to closing, then exchanged for Bitfarms shares.","Termination fees: Stronghold pays $5.0M in certain events; Bitfarms pays $12.5M if it fails to close.","Closing conditions include stockholder approval, HSR, F-4 effectiveness, Nasdaq listing; End Date May 21, 2025 (extendable).","Voting agreement holders owning ~16.4% of shares agree to vote in favor; board unanimously recommends."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-038104","json":"https://secwatch.observer/filing/0001140361-24-038104.json","markdown":"https://secwatch.observer/filing/0001140361-24-038104.md","text":"https://secwatch.observer/filing/0001140361-24-038104.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1856028/000114036124038104/0001140361-24-038104-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1856028/000114036124038104/ef20034492_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T08:07:26.040110+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0a2cc3c01720ea8a2a72caeb5a32dc2793ef0080","claim":"Stronghold Digital Mining, Inc. underwent a change of control involving Bitfarms Ltd. for 2.520 (the \"Exchange Ratio\") common shares of Parent.","evidence_excerpt":"an Agreement and Plan of Merger (the “Merger Agreement”) with Bitfarms Ltd., a corporation incorporated under the Canada Business Corporations Act and continued under the Business Corporations Act (Ontario) (“Bitfarms” or “Parent”), Backbone Mining Solutions LLC, a Delaware limited liability company and a wholly-owned, indirect subsidiary of Parent (“BMS”) , and HPC & AI Megacorp, Inc., a Delaware corporation and a wholly-owned,","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856028/000114036124038104/0001140361-24-038104-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"Bitfarms Ltd."},{"label":"Consideration","value":"2.520 (the \"Exchange Ratio\") common shares of Parent"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}