---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-009694"
form_type: "8-K"
ticker: null
cik: "0001856028"
company_name: "Stronghold Digital Mining, Inc."
filed_at: "2025-03-20T23:59:59+00:00"
generated_at: "2026-05-24T10:48:54.612190+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Stronghold Digital Mining acquired by Bitfarms; SDIG holders get 2.520 Bitfarms shares each

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-25-009694
- form_type: 8-K
- cik: 0001856028
- company_name: Stronghold Digital Mining, Inc.
- filed_at: 2025-03-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1856028/000114036125009694/0001140361-25-009694-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856028/000114036125009694/ef20045926_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-009694
- JSON: https://secwatch.observer/filing/0001140361-25-009694.json
- Plain text: https://secwatch.observer/filing/0001140361-25-009694.txt

## Key facts
- Executive change
  Indira Agarwal resigned as Director at Stronghold Digital Mining, Inc..
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856028/000114036125009694/0001140361-25-009694-index.htm
- Executive change
  Sarah P. James resigned as Director at Stronghold Digital Mining, Inc..
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856028/000114036125009694/0001140361-25-009694-index.htm
- Executive change
  Thomas R. Trowbridge, IV resigned as Director at Stronghold Digital Mining, Inc..
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856028/000114036125009694/0001140361-25-009694-index.htm
- Executive change
  Thomas J. Pacchia resigned as Director at Stronghold Digital Mining, Inc..
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856028/000114036125009694/0001140361-25-009694-index.htm
- Executive change
  Gregory A. Beard resigned as Director at Stronghold Digital Mining, Inc..
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856028/000114036125009694/0001140361-25-009694-index.htm
- Executive change
  Thomas Doherty resigned as Director at Stronghold Digital Mining, Inc..
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856028/000114036125009694/0001140361-25-009694-index.htm
- Governance Changes
  Stronghold Digital Mining, Inc.: Amended and restated the bylaws of the Surviving Corporation effective at the Effective Time.
  - Change: bylaw amendment
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856028/000114036125009694/0001140361-25-009694-index.htm

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