POW.RE Acquires Block Green to Create Integrated Bitcoin Mining and Financial Services Platform

POW.RE Holdings Limited, a sustainable Bitcoin mining technology company, has initiated a strategic acquisition of Block Green AG, a Swiss Bitcoin liquidity protocol and financial services platform. The proposed transaction aims to create a uniquely positioned entity in the Bitcoin ecosystem by combining technological and financial capabilities. Under the terms of the agreement, POW.RE will acquire 100% of Block Green's shares through an equity swap with additional consideration in Bitcoin and USD. The merger is expected to generate significant operational and financial synergies, including enhanced market access and expanded product offerings.

Mike Cohen, CEO of POW.RE, highlighted the transformative potential of the acquisition, emphasizing the alignment of Block Green's innovative financial solutions with the company's vision to expand beyond traditional mining operations. The combined entity will offer sophisticated financial tools powered by hashrate technology. Block Green, which has received investments from prominent venture capital firms including Peter Thiel's Founders Fund, Coinbase Ventures, and FJ Labs, brings a robust platform of revenue-streaming products, lending, and hedging solutions for Bitcoin miners and data center operators.

Key strategic advantages of the merger include strengthened regulatory positioning through Block Green's Swiss financial intermediary license and upcoming EU MiCA license applications, as well as diversified revenue streams to provide stability during volatile mining economics. Following the transaction, POW.RE will commit a baseload of hashpower to Block Green's marketplace for at least 24 months. Sebastien Hess, Block Green's CEO, will join POW.RE's board of directors, contributing his entrepreneurial and financial technology expertise.

The companies anticipate finalizing a definitive agreement within 90 days, subject to customary closing conditions and regulatory approvals. This strategic combination represents a significant step in developing comprehensive Bitcoin financial infrastructure that bridges the gap between traditional mining operations and advanced financial services, potentially setting new standards for the industry's evolution toward more integrated and resilient business models.