MIGI News & Events

As bitcoin, ethereum and other cryptocurrencies see major legal, institutional, and technological developments, the financial landscape continues to adapt. Stay up on the crypto news that matters with the "Crypto Currents" weekly from The Fly. Also, join us for your essential daily recap, every day at 2 PM ET on FlyCast radio.MASTERCARD TO ACQUIRE BVNK FOR UP TO $1.8B:Mastercardannounced Tuesday a definitive agreementincluding $300M in contingent payments. The deal further expands Mastercard's end-to-end support of digital assets and value movement across currencies, rails and regions. The acquisition adds to the company's recent commitments, such as the Mastercard Crypto Partner Program, to foster more collaboration and innovation to maximize the opportunity in the next phase of on-chain payments for all involved. Since its founding in 2021, BVNK has built expertise and infrastructure to bridge fiat and stablecoins. Currently, the BVNK platform enables sending and receiving payments for its customers on all major blockchain networks across more than 130 countries. The combined activities of Mastercard and BVNK would deliver a digital asset- and chain-agnostic approach, allowing customers to access the solutions best suited to their needs, without being locked into closed ecosystems. The transaction, which is anticipated to close before the end of the year, is subject to regulatory review and other customary closing conditions."We expect that most financial institutions and fintechs will in time provide digital currency services, be it with stablecoins or tokenized deposits. We want to support them and their customers with a best in class, highly compliant, interoperable offering that brings the benefits of tokenized money to the real world," said Jorn Lambert, Chief Product Officer. "This acquisition reinforces what we have always done, using innovation and technology to power economies and empower people. Adding on-chain rails to our network will support speed and programmability for virtually every type of transaction."Following the report, Evercore ISI noted that while widely speculated with a few different suitors, Mastercard is buying BVNK, which not only bolsters its near-term capabilities in this ecosystem but also offers longer-term optionality to drive interoperability between traditional rails and next generation blockchain settlement capabilities. The firm views this as both an offensive and defensive acquisition, and one that should mitigate some of investors' concerns around the legacy rails being disintermediated. While more time will be needed to fully disprove that negative thesis, the announcement bridges that gap materially, Evercore added. The firm has an In Line rating on Mastercard with a price target of $610 on the shares.KRAKEN FREEZES MULTIBILLION-DOLLAR IPO:Krakenafter confidentially filing with the Securities and Exchange Commission in November, with sources saying it may revisit a listing when market conditions improve, CoinDesk's Will Canny and Helene Braun reported Wednesday. The delay comes after a banner year for crypto IPOs. Firms like Circle, Bullishand Geminiwent public and raised $14.6B collectively in 2025, the authors noted. Kraken's $800M raise at a $20B valuation, and broader industry trends, suggest this year's IPO candidates will emphasize financial infrastructure, compliance, and steady revenue over trading-driven models, the publication added.BOFA SEES CLARITY ACT AS 'BIG POTENTIAL POSITIVE CATALYST':BofA seesof both Coinbaseand Robinhood, in part due to the potential passage of the CLARITY Act, adding that the firm places a probability of 50% on passage before the November mid-terms. While stronger near-term volumes will benefit the stocks and EPS estimates, the firm is "more positive" on what CLARITY will do for long-term adoption in the U.S. among both individuals and institutions, added the analyst, who expects cryptocurrency prices to appreciate significantly if the Act passes and anticipates a significant acceleration in crypto volumes at the crypto exchanges and brokers which could increase significantly from current levels. The firm has Buy ratings on Coinbase and Robinhood.Baird raised the firm's price target on Coinbase to $215 from $165 and kept a Neutral rating on the shares. The firm cited ramping stablecoin activity and improving crypto sentiment for the target boost. Recent crypto price appreciation and stablecoin tailwinds for Coinbase are "mildly offset" by weak year-over-year exchange trading volumes quarter-to-date through early March, the analyst said.Additionally on Wednesday, The Information's Yueqi Yang reported Coinbase is moving fast to build infrastructure that allows AI agents to make payments, seeking a lead in the nascent market that could become a battleground for payments companies. Coinbase and Zerohash, a crypto infrastructure startup, are among the companies vying to issue a new stablecoin for Cloudflarethat is set to launch this year, according to people familiar with the matter. The deal could put the winner's stablecoin at the center of agent-based traffic because of Cloudflare's critical role in managing web traffic and cybersecurity, the author noted.CIRCLE UPGRADED TO BUY:Clear Street upgraded Circle Internetup from $92. The firm cited five catalysts driving USDC market cap and adoption despite a roughly 44% drawdown in broader crypto markets since October of last year, namely tokenization; prediction markets; conflicts in the Middle East; the convergence of agentic AI and programmable stablecoins that creates a structural demand driver; and regulatory clarity given President Trump's public support for the CLARITY Act.Baird raised the firm's price target on Circle to $138 from $110 and kept an Outperform rating on the shares. The firm cited ramping stablecoin activity and improving crypto sentiment for the target boost. USDC outstanding is averaging $75.2B through March 15, a 6% rise since Circle reported a few weeks ago, which is positive for the company's yield, the analyst said. Baird also sees a "real path" to new revenue sources for Circle through Circle Payments Network and Arc Blockchain.Clear Street raised the firm's price target on Circle to $152 from $136 and kept a Buy rating on the shares. The firm believes Mastercard's $1.8B acquisition of BVNK is a "defensive move by an incumbent to protect its core territory," which has increasingly been captured by blockchain. The deal is also validation of blockchain technology "as a faster, cheaper, global, and 24x7 next-generation rail," the analyst said. Clear Street is "incrementally more confident" in Circle as a "trusted, regulatory-compliant infrastructure layer."CRYPTO EARNINGS:On Friday, BitFuFureported awhich compared to earnings per share of 33c for the same period last year and revenue consensus of $479.36M. Bitcoin owned by the company increased by 3.4% to 1,778 bitcoin as of December 31, compared to 1,720 bitcoin as of December 31, 2024."In 2025, we continued to scale our cloud-mining platform, growing Cloud Mining Solutions revenue to $350.6M and expanding total mining capacity under management to 26.1 EH/s," said Leo Lu, CEO. "We also focused on our strategy with efficiency and resilience, and maintained rigorous operational discipline throughout 2025. While GAAP results were impacted by unrealized fair value movements in Bitcoin and digital-asset-related receivables, we ended the year with $177.1M of combined cash and digital assets and built a solid foundation to navigate the current weaker market conditions."On Thursday, Gemini reported awhich compared to analyst estimates of a loss per share of (96c) on revenue of $51.81M. The company also reported Q4 trading volume of $11.5B. Gemini also said in Q1, the company is observing trading volume of approximately $5.3B as of February 28, down from Q4 levels as broader trading activity has continued to soften from 2H25 averages. Gemini said approximately 15,000 users have traded on the prediction markets offering, across more than 12,000 listed contracts, as of February 27 and the company saw credit card payment volume of over $330M and over 150K open card accounts, as of February 28.The company said, "2025 was a remarkable year for Gemini. We crossed the threshold into the public markets and became a public company on September 12th after being a private company for over a decade. On that day, the price of bitcoin was $115k. Since then, bitcoin has traveled down to $60k and then back up above $70K, where it hovers today. A reminder that one of the biggest challenges for crypto builders and investors is its cyclical nature."Prior to earnings, Citi downgraded Gemini to Sell from Neutral with a price target of $5.50, down from $13. The firm says legislative momentum for the CLARITY Act is "stalled" as key items continued to be debated. Citi cited profitability concerns, cyclical challenges and Gemini's "significant" restructuring for the downgrade to Sell. The company will be challenged to ramp profitability in the current crypto environments, the analyst said.On Tuesday, Fold Holdingsreportedwhich compared to FY24 loss per share of ($11.15) on a revenue of $23.7M. The company reported 1,527 bitcoin holdings. Fold said in 2026, growth drivers are expected to include the broader rollout of the Fold Credit Card, continued expansion of consumer products, and the growth of the newly launched enterprise business."We closed our first full year as a public company with strong execution against the goals we set coming into 2025," said CEO Will Reeves. "In the fourth quarter, revenue was $9.1M, up 8.2% year-over-year, and for full year 2025 revenue was $31.8M, up 34% year-over-year. We continued to add customers and expand our platform while building the foundation to scale a Bitcoin-native financial services ecosystem across multiple interconnected product lines."Following the report, Cantor Fitzgerald lowered the firm's price target on Fold to $2 from $4.50 and kept an Overweight rating on the shares. Fold's Q4 revenue was below the firm's expectations, as transaction volume declined by 8.5% quarter over quarter, driven by the weaker overall crypto environment, the analyst said. The company is still several quarters away from profitability, barring a significant inflection in the business, Cantor said.Northland lowered the firm's price target on Fold to $4 from $10 and kept an Outperform rating on the shares.Additionally, H.C. Wainwright lowered the firm's price target on Fold to $3 from $7 and kept a Buy rating on the shares. The company's holiday seasonality and the new bitcoin gift card contribution were offset by the sharp pullback in bitcoin prices during the quarter, the analyst said. The firm cited a "rational acknowledgment of current trading patterns" for the target cut.On Monday, Bitcoin Depotreported awhich compares to a loss per share of ($2.24) for the same period last year and estimates of $113.93M. The company expects revenue for the core business in 2026 to be down in the range of 30% to 40%, reflecting the uncertainty presented by the dynamic regulatory environment and enhanced compliance standards."2025 was a strong year for Bitcoin Depot, with growth across the majority of our key operating and financial metrics," said Scott Buchanan, CEO. "While fourth-quarter results declined year-over-year, this was primarily driven by recently enacted state regulations that introduced transaction size caps and, to a lesser extent, enhancements to our compliance standards that modestly affected near-term transaction activity. Importantly, we view both developments as constructive for the long-term health, credibility, and sustainability of the industry."Following the report, B. Riley raised the firm's price target on Bitcoin Depot to $4.20 from $2.30 and kept a Neutral rating on the shares. Regulatory changes are seen as constructive for long-term industry credibility, and Bitcoin Depot's scale, compliance infrastructure, and market leadership should help navigate them better than smaller competitors, the analyst said. However, near-term revenue pressure is significant, with kiosk counts expected to remain flat or decline in 2026, and new initiatives like Kutt P2P and ReadyBucks unlikely to materially offset core ATM revenue headwinds, the firm said.Noble Capital lowered the firm's price target on Bitcoin Depot to $13 from $40 and kept an Outperform rating on the shares to reflect a reduced near-term earnings outlook and regulatory reset expected during 2026. Despite near-term pressure, the firm thinks the company's scale and compliance infrastructure position it well for longer-term recovery, the analyst said.Also on Monday, Bakktreported awhich compared to a loss per share from continuing operations of ($7.27) on revenue of $3.4B last year.CEO Akshay Naheta said, "Our financial results for 2025 reflect a company in transition. They include the effects of restructuring and the exit of businesses that historically defined Bakkt but no longer represent its future. These actions impacted near-term results but were necessary to rebuild the company around a focused infrastructure platform. During the second half of the year we began to see early contributions from the rebuilt business and the first signs of our international strategy taking shape. As we move through 2026, our financial profile should increasingly reflect the underlying economics of this new platform. Looking ahead to 2026 and beyond, each component of the platform is positioned to scale alongside the structural shifts taking place in global finance."Benchmark lowered the firm's price target on Bakkt to $22 from $40 and kept a Buy rating on the shares. After a turbulent period, Bakkt now "presents itself as a well-capitalized digital asset infrastructure platform positioned to serve as the connective tissue between crypto, stablecoins, and traditional financial systems," the analyst said.Clear Street lowered the firm's price target on Bakkt to $21 from $39 and kept a Buy rating on the shares. Bakkt's investor day sharpened the company's transformation story from a legacy crypto-linked platform into a more focused digital asset and programmable finance infrastructure play, though the firm is reducing its price target due to lower crypto trading volumes, the analyst said.OTHER CRYPTO NEWS:Citi lowers Bullish price targetBitGotoRiot Platformstoraises rice target on Galaxy DigitaltoPayPalmakesworldwideHyperscale DatareportsStrategyacquiresprice target lowered to $260 from $325 at Citi, initiated with a Buy at Texas CapitalBitmine Immersionsays totalMawson InfrastructuresaysAbra Financialthrough New Providence Acquisition IIIJiuzi Holdings, AetheriumXBitdeermineslaunches SEALMINER DL1 AirBTCSrevises 2026Avax OneengagesBlockchAInsignsEightco HoldingsinvestsSRx HealthhedgesDDC EnterprisepurchasesCRYPTO STOCK PLAYS:Publicly traded companies in the space include Bit Digital, Coinbase, Core Scientific, Greenidge Generation, Mara Holdings, Strategy, Riot Platforms and TeraWulf.PRICE ACTION:As of time of writing, bitcoin dropped roughly 3% this week to $70,013 in U.S. dollars, according to CoinDesk.

Mawson Infrastructure Group provided an update on its progress to deliver value to stockholders. Mawson has achieved a range of objectives over the past year, including regaining Nasdaq compliance, settling multiple lawsuits, which reduced the Company's current liabilities by $19M, and initiating a strategic pivot to artificial intelligence and high-performance computing. As these achievements were obtained over the course of fiscal 2025, the Mawson Board of Directors formed a Strategic Transactions Committee to evaluate a range of alternatives to the Company, including potential M&A transactions, joint ventures and other opportunities. The Strategic Transactions Committee is being assisted by independent legal and financial advisors and is focused on maximizing stockholder value. "Mawson remains committed to transparency, disciplined decision-making, and pursuing every path that can unlock sustainable value," said Kaliste Saloom, Interim CEO and General Counsel of Mawson. "While our review of strategic opportunities is ongoing, we will continue to take actions that position Mawson for long-term growth and shareholder value creation."

As bitcoin, ethereum and other cryptocurrencies see major legal, institutional, and technological developments, the financial landscape continues to adapt. Stay up on the crypto news that matters with the "Crypto Currents" weekly from The Fly. Also, join us for your essential daily recap, every day at 2 PM ET on FlyCast radio.CRYPTO EARNINGS:On Thursday, Strategyreported a fourth quarterwhich compared to a loss per share of ($3.03) for the same period last year and analyst revenue consensus of $118.5M. As of December 31, the company had cash and cash equivalents of $2.3B, as compared to $38.1M as of December 31, 2024."We raised $25.3B of capital in 2025 to advance our Bitcoin treasury strategy, making us the largest equity issuer among U.S. public companies for a second consecutive year. We increased our holdings to 713,502 bitcoins, including 41,002 bitcoins acquired in January 2026 alone. STRC, our flagship Digital Credit instrument, has grown to $3.4B in size, supported by increasing liquidity and declining volatility. Our variable dividend rate mechanism for STRC, currently set at 11.25%, has helped maintain STRC price stability near the $100 stated amount despite a weaker bitcoin price environment. In 2026, we remain focused on expanding STRC to generate amplification and drive growth in Bitcoin Per Share for MSTR common stock investors," said Phong Le, CEOAdditionally on Monday, Strategy announced an update on its bitcoin holdings. The company reported acquiring 855 bitcoin for approximately $75.3B at an average purchase price of $87,974 between January 26 and February 1. As of February 1, Strategy holds 713,502 bitcoin acquired for an aggregate purchase price of approximately $54.26B.Following earnings, BTIG lowered the firm's price target on Strategy to $250 from $630 and kept a Buy rating on the shares. The company's Q4 earnings call was overshadowed by bitcoin prices that traded off 8% in the hours leading up to the call, the analyst said. BTIG reminds investors that Strategy's convertible debt is "extremely over-collateralized" and is covered even if bitcoin prices drew down 80%. Further, the company has 30 months of USD reserves to cover preferred equity dividend payments, added the firm. It cited the recent bitcoin volatility for the target cut.On Tuesday, Galaxy Digitalreported a Q4which compared to analyst estimates of loss per share of (92c) and revenue of $16.6B. The company reported total equity of $3.04B and holdings of $2.6B in cash and stablecoins as of December 31.Following the report, Goldman Sachs lowered the firm's price target on Galaxy to $24 from $27 and kept a Neutral rating on the shares. Despite the weaker results in the quarter, largely driven by digital assets price depreciation, management remains constructive on the long-term growth trajectory across the Global markets and Asset management businesses, the analyst said. Meanwhile, H.C. Wainwright lowered the firm's price target on Galaxy to $40 from $45 and kept a Buy rating on the shares. The firm sees an attractive buying opportunity after shares tumbled on weaker-than-expected Q4 results. While the crypto bear market has been a headwind, the potential passage of crypto market structure legislation and the monetization of its data center business, which is on track to recognize revenue from its CoreWeavelease in the coming weeks, are identifiable near-term positive catalysts, the analyst added.On Thursday, IRENreported a Q2which compared to a loss per share of (10c) last year and analyst revenue estimates of $226.9M. The company had cash and cash equivalents of $2.8B as of January 31. "Last quarter marked meaningful progress across capacity expansion, customer engagement, and capital formation, reflecting IREN's progress as a scaled AI Cloud platform," said Daniel Roberts, Co-CEO. "We are seeing the strongest demand environment to date, and importantly, that demand is being met by a proven execution capability. Over several years, we have consistently delivered data center capacity on time and at scale, and that delivery track record continues to resonate with customers who value reliability alongside performance. "With more than 4.5GW of secured power, we are able to advance a broad set of opportunities in our pipeline and support the next phase of growth. Our $3.4bn ARR target represents an early stage of monetization relative to the size of our secured power portfolio, highlighting the scale of the platform we are building."Following the report, Cantor Fitzgerald lowered the firm's price target on IREN to $82 from $136 and kept an Overweight rating on the shares. Revenue and adjusted EBITDA were both down quarter over quarter due to a decline in bitcoin prices and a decline in operating hash rate, which was not unexpected given the company's transition of capacity away from bitcoin mining and towards AI compute, the analyst said. The firm believes the after-hours move lower is a buying opportunity. B. Riley raised the firm's price target on IREN to $83 from $74 and kept a Buy rating on the shares. IREN reported Q2 adjusted EBITDA of $75.3M, below both internal and consensus estimates, while highlighting key milestones including securing $3.6B in GPU financing, adding 1.6 GW of power capacity at a new Oklahoma campus, and progressing Sweetwater 1 & 2 in Texas, the analyst said. Despite the shortfall, the company targets $3.4B in annualized run-rate revenue by end of CY26, with expansion across Horizon 1-4 and B.C. sites positioning IREN as a de-risked, compelling long-term growth story, the firm saidMORE CRYPTO EARNINGS:On Thursday, CleanSparkreported a Q1which compared to earnings per share of 85c last year and a revenue consensus of $187.73M. The company held $485.1M in cash and $1B in bitcoin as of December 31."CleanSpark exited the quarter with one of the strongest balance sheets in our sector and a power and land portfolio that is increasingly scarce," said Matt Schultz, CEO. "We strengthened our financial foundation, secured up to 890 megawatts of high-quality utility potential capacity in the Houston region, and materially advanced our Sandersville site with the acquisition of an additional 122-acre parcel as we progress toward AI tenancy. Importantly, this expansion is being funded from a position of strength. Our scaled bitcoin mining operations continue to generate durable cash flows, and those cash flows are now being redeployed into long-duration infrastructure opportunities that we believe can drive significant shareholder value over time."Following the report, Needham lowered the firm's price target on CleanSpark to $19 from $25 and kept a Buy rating on the shares. The company modestly missed on revenues and Adjusted EBITDA, primarily driven by lower mining, though the firm is lowering its estimates further as bitcoin prices have materially pulled back, the analyst said. Cantor Fitzgerald lowered the firm's price target on CleanSpark to $17 from $21 and kept an Overweight rating on the shares. The investment case for CleanSpark has now shifted to AI, with what appears to be strong momentum for its Sandersville site, and the company is adding additional large site capacity behind that, the analyst said. The recent selloff makes shares attractive, the firm added. Meanwhile, Keefe Bruyette lowered the firm's price target on CleanSpark to $14 from $18 and kept an Outperform rating on the shares. The firm maintains high conviction in a 2026 Sandersville lease given the site's readiness, location, and active tenant engagement, which should help anchor shares near $10 despite BTC volatility, the analyst said.On Thursday, Bullishreported a Q4which compared to analyst estimates of earnings per share of 16c on revenue of $87.26M. Tom Farley, CEO, said, "I believe that we are at a turning point for digital assets. For all of crypto's extreme volatility and cyclicality, the vision of faster, better, cheaper, permissionless capital is being unlocked in real-time to bring everything onchain. What I envision immediately ahead for this industry - and, particularly for Bullish, is why I came to the digital asset space."Following earnings, Clear Street lowered the firm's price target on Bullish to $42 from $50 and kept a Buy rating on the shares. The company reported strong Q4 results and the fiscal 2026 outlook is solid, the analyst said. Clear cited the "risk-off" environment, weak investor sentiment, and uncertainty surrounding the timing of market structure legislation for the target cut.Meanwhile, JPMorgan lowered the firm's price target on Bullish to $41 from $42 and kept a Neutral rating on the shares. The firm views the company's Q4 report as inline.On Friday, Mawson Infrastructure Groupreportedcompared to revenue of $15.1M for the same period last year. The company also announced that it had reached a confidential settlement with Ionic Digital Mining to resolve claims Ionic brought against Mawson and two of its subsidiaries related to a co-location agreement. In addition, the company entered a separate, unrelated settlement to resolve a customer dispute over a hosting arrangement. Together, these resolutions eliminate a large portion of the company's potential financial liability going forward. Mawson made no admission of liability or wrongdoing in reaching either of these settlements."We are pleased to move forward from these pending cases and significantly reduce Mawson's potential liability," said Kaliste Saloom, Interim CEO and General Counsel of Mawson. "The clarity we now have on the future strength of our balance sheet will allow us to focus on driving operational execution and long-term growth for Mawson."BED BATH & BEYOND TO ACQUIRE TOKENS.COM:Bed Bath & Beyondannounced Monday that it has signedto establish a critical foundation for a unified investment and personal finance platform. The company said, "The platform will address a fragmented market for financial services by delivering a one-stop journey for real estate and other real-world asset finance that bridges tokenized and traditional investing. The platform will be integrated with our financial technology, insurance, and blockchain-based businesses. Bed Bath & Beyond currently maintains strategic investments and ownership interests in digital asset and blockchain businesses, including tZERO and GrainChain, held both directly and through its Medici portfolio. Tokens.com will be wholly owned by Bed Bath & Beyond and will benefit from Bed Bath & Beyond's deep experience and history in the advancement of tokenized assets as an early investor and proponent of blockchain technology. The platform will be supported by shared expertise, regulatory experience, and proven infrastructure services across Bed Bath & Beyond's portfolio." Bed Bath & Beyond anticipates the Tokens.com platform becoming operational by July 1, subject to closing and customary conditions."Our strategy brings together partners like Figure Technologies and Figure Markets, the infrastructure of tZERO, and the operating and AI integration capabilities provided by ShyftLabs," said Marcus Lemonis, CEO. "Providing responsible, compliant liquidity pathways for homeowners and real-world asset holders is our strategy and long-term vision."GEMINI TO EXIT OPERATIONS IN UK, EU, AUSTRALIA:In a Thursday regulatory filing, Gemini Space Stationdisclosed that the company approved a plan to exit andas part of a broader initiative to reduce operating expenses and support the company's path to profitability. "The company's business will continue operating in the United States and Singapore. The Plan is expected to include a reduction in force of up to 200 global employees, including employees in Europe, the United States, and Singapore, and representing approximately 25% of the company's total global workforce as of February 4, 2026. The company expects the Plan to be substantially completed in the first half of 2026, subject to applicable local law and consultation requirements. In connection with the Plan, the company currently estimates that it will incur pre-tax restructuring and related charges of approximately $11M, substantially all of which are expected to result in cash expenditures…The company expects to recognize substantially all of these charges in the first quarter of 2026, subject to the timing of actions taken under the Plan and applicable local law and consultation requirements," the filing stated.Following the filing, Evercore ISI downgraded Gemini to In Line from Outperform with a price target of $10, down from $15. The firm said the market exits pushes out Gemini's growth story.Additionally, Goldman Sachs lowered the firm's price target on Gemini to $7.50 from $11.50 and keeps a Neutral rating on the shares. The wind down reflects the impact of the crypto sell-off on reducing crypto trading volumes, which has likely termed out Gemini's path to profitability, Goldman contended.BITFARMS PLANS U.S. REDOMICILIATION:Bitfarmsannounced Friday that its Board of Directors has approved a plan of arrangement under whichsubject to receipt of shareholder, stock exchange and court approvals. The arrangement is the culmination of a comprehensive strategic review process undertaken by the board over the past 12 months, including ongoing analysis of investor sentiment and capital markets trends to identify opportunities to enhance long-term shareholder value. The board unanimously determined that the U.S. redomiciliation is in the best interests of Bitfarms and unanimously recommends that the shareholders of the company vote in favor of the arrangement. Upon completion of the redomiciliation, the ultimate parent company of Bitfarms will be a corporation formed under the laws of the State of Delaware. It is anticipated that this new parent corporation will operate under the name Keel Infrastructure. To effect the redomiciliation, each outstanding common share of Bitfarms will be exchanged for one share of common stock of Keel Infrastructure pursuant to the arrangement. Upon completion, Keel Infrastructure US common stock is expected to trade on the Nasdaq and the Toronto Stock Exchange under the ticker symbol KEEL, subject to receipt of all necessary approvals of the Nasdaq and the TSX.  The redomiciliation is expected to be completed on or about April 1.CEO Ben Gagnon stated, "Bitfarms is officially launching the final phase of our pivot to the U.S., positioning us to more effectively execute on the significant opportunities we see ahead in HPC/AI infrastructure development. This transition will expand our access to new sources of capital, increase our eligibility for index inclusion, and simplify our story for U.S. investors, among other benefits that we believe support our ability to continue creating value for our shareholders. As a business, fortifying our U.S. footprint will bring significant benefits including reducing complexity for potential customers and enhancing our current relationships with suppliers and energy providers. We look forward to continued engagement with our shareholders to outline our clear path forward for value creation as a U.S. company."OTHER CRYPTO NEWS:Sharps Technology, BitGoannounceBitmine Immersionreports totalDeFi Development'sdfdvSOL token addedFiguredowngraded toat BofA, price target lowered to $57 from $66 at Goldman SachsLM FundingminesDDC Enterpriseacquires 105 additional BTC,IP StrategyreportsBit DigitalholdsCoinbaseprice targetTeraWulfacquiresCircle Internetinitiatedpartners with PolymarketHC Wainwright assumes Hut 8withinitiates American BitcoinwithCangoproducesSRx HealthreducesHive DigitalreportsCRYPTO STOCK PLAYS:Publicly traded companies in the space include Bit Digital, Coinbase, Core Scientific, Greenidge Generation, Mara Holdings, Strategy, Riot Platformsand TeraWulf.PRICE ACTION:As of time of writing, bitcoin dropped roughly 18% this week to $68,182 in U.S. dollars, according to CoinDesk.

Mawson announced that it has reached a confidential settlement with Ionic Digital Mining to resolve claims Ionic brought against Mawson and two of its subsidiaries related to a co-location agreement. In addition, the Company entered a separate, unrelated settlement to resolve a customer dispute over a hosting arrangement. Together, these resolutions eliminate a large portion of the Company's potential financial liability going forward. Mawson made no admission of liability or wrongdoing in reaching either of these settlements. "We are pleased to move forward from these pending cases and significantly reduce Mawson's potential liability," said Kaliste Saloom, Interim CEO and General Counsel of Mawson. "The clarity we now have on the future strength of our balance sheet will allow us to focus on driving operational execution and long-term growth for Mawson."