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POW.RE acquires Block Green to enhance Bitcoin services

May 15, 2025•7 months ago

Acquiring Company

POW.RE

Acquired Company

Block Green

MontrealRotkreuzConsultingInformation TechnologyCryptocurrencyLendingBlockchainFintechFinanceFinancial Services

Description

POW.RE has announced its acquisition of Block Green to expand its Bitcoin financial services. The deal involves acquiring 100% of Block Green's shares through an equity swap and additional compensation in Bitcoin and USD. This strategic move aims to create significant synergies and diversify revenue streams within the Bitcoin ecosystem.

Company Information

Company

POW.RE

Location

Montreal, Quebec, Canada

About

POW.RE is a sustainable Bitcoin mining company operating facilities powered by hydroelectric energy in Paraguay and Northern Canada. The company focuses on deploying high-density computation centers and offering tools to facilitate hashrate transactions.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed