Bitfarms Increases PJM Market Share to 80% Post-Merger

Official data confirms that Bitfarms has finalized its merger with Stronghold Digital Mining, boosting its presence in the PJM power market from 6% to 80%. This transaction marks the largest in history among publicly traded Bitcoin mining firms, surpassing last year’s investment and acquisition volumes. Bitfarms representatives emphasize that this union will help optimize resource usage and reinforce its U.S. operations.

According to reports, a strong foothold in PJM enables access to sizable energy sources at favorable rates. Many experts believe that this expansion will allow Bitfarms to ramp up total hash power and attract more corporate clients looking to control costs in a fluctuating Bitcoin price environment.

Analysts note that Bitfarms’ market cap could rise by 25–30% by the end of the current quarter if global markets continue supporting new issuances. Meanwhile, the company plans further geographic expansion to diversify risk.