Canadian Bitcoin mining technology company POW.RE Holdings Limited has announced its strategic intent to acquire Block Green AG, a Switzerland-based Bitcoin liquidity protocol, in a move that could significantly transform Bitcoin mining financial services.
The proposed acquisition involves POW.RE purchasing 100% of Block Green's shares through an equity swap, complemented by additional consideration in Bitcoin and USD. This merger combines POW.RE's sustainable mining operations and hashrate management technology with Block Green's sophisticated financial products for miners and data center operators.
The transaction presents multiple strategic advantages for the emerging cryptocurrency financial ecosystem. By integrating Block Green's established relationships with major Bitcoin mining companies and liquidity providers, POW.RE aims to create a more robust and flexible platform for miners and investors.
Key benefits of the merger include expanded product offerings, enhanced market access, and a strengthened regulatory position. Block Green's Swiss financial intermediary license and pending EU MiCA license applications provide a solid regulatory foundation for the combined entity's future growth.
Mike Cohen, POW.RE's CEO, emphasized the transformative potential of this strategic combination, highlighting the opportunity to build a comprehensive Bitcoin credit infrastructure platform. The deal will enable the creation of new revenue streams and provide miners and investors access to sophisticated financial tools powered by hashrate technology.
Block Green CEO Sebastien Hess will be appointed to POW.RE's board of directors, bringing valuable entrepreneurial experience in finance and technology. The Block Green team will remain with the company to ensure strategic continuity and drive future innovation.
Following the transaction, POW.RE will commit a baseload of hashpower to Block Green's hashrate marketplace for at least 24 months, accelerating the platform's growth and market penetration.
The acquisition represents a significant milestone in the evolution of Bitcoin mining financial services, potentially setting a new standard for how miners and investors interact with cryptocurrency infrastructure. By combining technological expertise with innovative financial products, the merged entity aims to provide more flexible and sophisticated solutions in an increasingly complex digital asset landscape.
The parties expect to finalize a definitive agreement within 90 days, subject to customary closing conditions and regulatory approvals. This strategic move underscores the ongoing maturation and professionalization of the Bitcoin mining and financial services sector.
