8-K
filed March 20, 2025, 7:59 PM ET
CIK 0001856028
M&A
confidence high
sentiment neutral
materiality 0.95
Stronghold Digital Mining acquired by Bitfarms; SDIG holders get 2.520 Bitfarms shares each
Stronghold Digital Mining, Inc.
- Merger closed March 14, 2025; SDIG becomes wholly owned indirect subsidiary of Bitfarms Ltd. (BITF).
- Each SDIG Class A share converted into 2.520 Bitfarms common shares; stock delisted from Nasdaq as of March 17.
- All prior directors (Beard, Agarwal, Doherty, James, Pacchia, Trowbridge) and officers resigned at Effective Time.
- Credit agreement and B&M Note terminated and fully paid off; liens released.
- SDIG to file Form 15 to suspend SEC reporting and deregister Class A common stock.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Indira Agarwal resigned as Director at Stronghold Digital Mining, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
In connection with the consummation of the Merger, Gregory A. Beard, Indira Agarwal, Thomas Doherty, Sarah P. James, Thomas J. Pacchia, and Thomas R. Trowbridge, IV, such members comprising all of the directors of the Company prior to the Effective Time, resigned as directors of the Company effective as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Sarah P. James resigned as Director at Stronghold Digital Mining, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
In connection with the consummation of the Merger, Gregory A. Beard, Indira Agarwal, Thomas Doherty, Sarah P. James, Thomas J. Pacchia, and Thomas R. Trowbridge, IV, such members comprising all of the directors of the Company prior to the Effective Time, resigned as directors of the Company effective as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Thomas R. Trowbridge, IV resigned as Director at Stronghold Digital Mining, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
In connection with the consummation of the Merger, Gregory A. Beard, Indira Agarwal, Thomas Doherty, Sarah P. James, Thomas J. Pacchia, and Thomas R. Trowbridge, IV, such members comprising all of the directors of the Company prior to the Effective Time, resigned as directors of the Company effective as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Thomas J. Pacchia resigned as Director at Stronghold Digital Mining, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
In connection with the consummation of the Merger, Gregory A. Beard, Indira Agarwal, Thomas Doherty, Sarah P. James, Thomas J. Pacchia, and Thomas R. Trowbridge, IV, such members comprising all of the directors of the Company prior to the Effective Time, resigned as directors of the Company effective as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gregory A. Beard resigned as Director at Stronghold Digital Mining, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
In connection with the consummation of the Merger, Gregory A. Beard, Indira Agarwal, Thomas Doherty, Sarah P. James, Thomas J. Pacchia, and Thomas R. Trowbridge, IV, such members comprising all of the directors of the Company prior to the Effective Time, resigned as directors of the Company effective as of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Thomas Doherty resigned as Director at Stronghold Digital Mining, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
In connection with the consummation of the Merger, Gregory A. Beard, Indira Agarwal, Thomas Doherty, Sarah P. James, Thomas J. Pacchia, and Thomas R. Trowbridge, IV, such members comprising all of the directors of the Company prior to the Effective Time, resigned as directors of the Company effective as of the Effective Time.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.95
Stronghold Digital Mining, Inc.: Amended and restated the bylaws of the Surviving Corporation effective at the Effective Time.
- Change
- bylaw amendment
Exact text from the filing
the bylaws of the Company, as the Surviving Corporation, were amended and restated as set forth in Exhibit 3.2 to this Current Report on Form 8-K.
View on SEC.gov
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