Smart Valor Is Conducting a Strategic Review That May Lead to Sale of the Company
Bids for the Swiss crypto firm are due by Jan. 24, people close to the process said.
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Bids for the Swiss crypto firm are due by Jan. 24, people close to the process said.
Bridge acquired Triangle for an undisclosed amount.
The completion of the acquisition is subject to regulatory approval in Spain.
The company will also become one of the first validators on the Berachain mainnet.
The company received takeover interest from a potential investor while conducting a Series B funding round.
The deal comes weeks after Riot Platforms dropped a bid to buy Bitfarms, choosing to overhaul the company’s board before pursuing a takoever again.
By acquiring substantially all the assets of the blockchain node operator, the publicly traded Galaxy Digital will increase its role in Ethereum staking, as part of a broader effort to expand in the business of blockchain infrastructure.
The acquisition will provide a boost to BitOasis’ plans to expand its presence across the region.
The digital asset industry added more than $750 billion in value in the first half of the year, the report said.
The deal will be all-stock based and has been approved by both companies’ board members.