M&A Deal Summary |
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|---|---|
| Date | 2022-12-02 |
| Target | GK8 |
| Sector | Information Technology |
| Buyer(s) | Galaxy Digital |
| Sellers(s) | Celsius network |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 2018 |
| Sector | Information Technology |
| Employees | 434 |
Galaxy Digital is a diversified financial services firm dedicated to the digital asset, cryptocurrency, and blockchain technology industry. Galaxy Digital operates four synergistic business lines: trading (arbitrage, macro, market making/OTC), asset management (passive and active strategies, including venture capital), principal investing, and investment banking services (capital markets and M&A). Galaxy Digital was founded in 2018 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 3 |
| Sector: Information Technology M&A | 1 of 2 |
| Type: Divestiture M&A Deals | 1 of 2 |
| Country: Israel M&A | 1 of 1 |
| Year: 2022 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-12-28 |
Argo Blockchain s Helios Facility
Dickens, Texas, United States Argo Blockchain's Helios Facility is a mining facility that includes a 126,000-square-foot data center and supports 200 MW of electricity (approximately 50,000 mining machines). In total, Helios has access to 800 MW of electricity from a neighboring substation. Additionally, the facility is designed to utilize Argo’s proprietary immersion-cooling technology which allows for cost-effective, high-speed mining in warmer climates. Argo Blockchain's Helios Facility is based in Dickens, Texas. |
Buy | $65M |
Celsius network addresses the financial needs of today’s consumers worldwide through a high-interest income and low-cost lending accessible via a mobile app. Built on the belief that financial services should only do what is in the best interests of the depositor community, Celsius is a modern platform where membership provides access to curated financial services that are not available through traditional financial institutions. Crypto holders can earn interest by transferring their coins to their Celsius Wallet and borrow USD against their crypto collateral at interest rates as low as 4.95% APR or earn up to 10% on stable coins and other crypto coins.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Information Technology M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: Israel M&A | 1 of 1 |
| Year: 2022 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-22 |
MVP Workshop - Development Division
Belgrade, Serbia MVP Workshop's Development Division comprises nearly 50 of MVP Workshop's engineers and designers. |
Buy | - |
