---
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"
generated_at: "2026-05-31T08:07:26.040110+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Stronghold Digital Mining to be acquired by Bitfarms in all-stock deal at 2.520 exchange ratio

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-24-038104
- form_type: 8-K
- cik: 0001856028
- company_name: Stronghold Digital Mining, Inc.
- filed_at: 2024-08-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 5.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-038104
- JSON: https://secwatch.observer/filing/0001140361-24-038104.json
- Plain text: https://secwatch.observer/filing/0001140361-24-038104.txt

## Key facts
- M&A Transactions
  Stronghold Digital Mining, Inc. underwent a change of control involving Bitfarms Ltd. for 2.520 (the "Exchange Ratio") common shares of Parent.
  - Action: change of control
  - Counterparty: Bitfarms Ltd.
  - Consideration: 2.520 (the "Exchange Ratio") common shares of Parent
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1856028/000114036124038104/0001140361-24-038104-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.