Stronghold shareholders voted in favor of its merger with Bitfarms by a majority

Bitcoin mining company Stronghold announced that its shareholders voted "in favor" of the upcoming merger between Stronghold and Bitfarms Ltd. by an overwhelming majority. The merger agreement and plan are set to be signed on August 21, 2024, and will be revised thereafter.

After the merger agreement proposal is approved, the company expects the merger to be completed by March 2025, subject to the satisfaction or waiver of the remaining closing conditions. The final report of the special shareholders' meeting results will be submitted to the U.S. Securities and Exchange Commission (SEC) in the form of an 8-K.