M&A
confidence high
sentiment neutral
materiality 0.60
Fourth Wave Energy closes EdgeMode acquisition, enters crypto mining industry
Edgemode, Inc.
- Acquisition of EdgeMode closed effective January 31, 2022; initial focus on Bitcoin mining.
- EdgeMode currently operates mining facilities in New York and Illinois, plans U.S. expansion.
- Charlie Faulkner and Simon Wajcenberg appointed as executive officers and directors; Joseph Isaacs resigned.
- Hardware and hosting agreements secured to support growth strategy and hash rate deployment.
- Company now focuses on cryptocurrency mining and HPC via wholly owned subsidiary EdgeMode.