mergers and acquisitions


Finance

Bitcoin Mining Stocks Soar Amid Takeover Frenzy

The stocks are undervalued, so miners with attractive power contracts could become M&A targets, according to Wall Street analysts.

Wall Street has bitcoin mining mergers on its mind. (Chenyu Guan/Unsplash)

Markets

Bitcoin Miners With Attractive Power Contracts Are Potential M&A Targets, JPMorgan Says

U.S. listed bitcoin miners have access to large amounts of power, making them potential takeover targets for hyperscalers and AI firms, the report said.

A Bitmain Antminer s9 board in a bitcoin mine in Norway. (Eliza Gkritsi/CoinDesk)

Finance

Bitcoin Miner Core Scientific Surges After AI Deal, Report of Over $1B Buyout Offer From CoreWeave

Cloud computing provider CoreWeave made an offer to buy the bitcoin miner for $5.75 per share, according to Bloomberg.

Core Scientific's Marble facility in North Carolina. (Core Scientific)

Finance

Bitcoin Miner Stronghold Looking at Options, Including Sale of Company

The miner is looking at options including sale of all or part of the company and other strategic transactions.

Sale sign (Markus Spiske/Unsplash)

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Finance

Kraken Is Buying TradeStation Crypto, Expanding Cryptocurrency Exchange's U.S. Reach

The takeover, which hasn't been previously disclosed publicly, expands the cryptocurrency exchange's regulatory licensing in the U.S.

Kraken (DreamStudio/CoinDesk)

Finance

Crypto Has 'Too Many Tokens' and Mergers Are Coming

M&As could give birth to tokens such as 'ShibaPepes' and 'FlokiDoges,' according to one expert.

Davide Ragusa/Unsplash/Modified by CoinDesk

Finance

DCG's Barry Silbert Pitched Genesis-Gemini Merger in a Drastic Bid to Save the Lender in 2022

Silbert’s motion to dismiss the New York Attorney General’s $3 billion lawsuit contains emails from around the time 3AC failed and the Genesis and Gemini loans business began to seize up.

DCG CEO Barry Silbert (CoinDesk archives)

Policy

Ripple to Buy New York Crypto Trust Company to Expand U.S. Options

Standard Custody & Trust Co., which has a New York charter, will be the latest acquisition to grow Ripple's regulatory qualifications.

Ripple (Jesse Hamilton/CoinDesk)

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Finance

Is Grayscale Takeover Bait Amid Bitcoin ETF Battle?

Experts said newcomers in the bitcoin investing game could be enticed by Grayscale, the incumbent with a huge lead.

Michael Sonnenshein (CoinDesk)

Finance

Bitcoin Halving Is Poised to Unleash Darwinism on Miners

Strong miners might be about to eat the weak ones as the reward for mining BTC gets cut in half, experts say.

A man trapped in the ocean. (nikko macaspac/Unsplash)

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