Nature's Miracle Holding Inc. Enters Into Agreement to Acquire Controlling Stake in J&Y Marigold, Bolstering Bitcoin Mining Capabilities
Nature's Miracle Holding (NASDAQ: NMHI) has announced its entry into a Stock Purchase Agreement to acquire a 90% equity stake in J&Y Marigold, a Toronto-based company developing a Bitcoin mining facility. The acquisition, valued at $5.32 million, involves a facility with a planned 14 megawatts (MW) power capacity. The transaction will be completed in two phases: Phase I (9MW) in Q1 2025 and Phase II (5MW) in Q2 2025.
This strategic move represents NMHI's expansion beyond its core vertical farming technology business into the cryptocurrency sector. The company aims to have the Bitcoin mining facility fully operational by first half 2025, positioning itself to capitalize on the growing cryptocurrency market while diversifying its portfolio.
Nature's Miracle Holding (NASDAQ: NMHI) ha annunciato l'ingresso in un Accordo di Acquisto di Azioni per acquisire una partecipazione del 90% in J&Y Marigold, un'azienda con sede a Toronto che sta sviluppando una struttura per il mining di Bitcoin. L'acquisizione, valutata 5,32 milioni di dollari, integra una struttura con una capacità di potenza pianificata di 14 megawatt (MW). La transazione sarà completata in due fasi: Fase I (9MW) nel primo trimestre del 2025 e Fase II (5MW) nel secondo trimestre del 2025.
Questo movimento strategico rappresenta l'espansione di NMHI oltre la sua attività principale di tecnologia per l'agricoltura verticale nel settore delle criptovalute. L'azienda mira ad avere la struttura di mining di Bitcoin completamente operativa entro la prima metà del 2025, posizionandosi per sfruttare il crescente mercato delle criptovalute mentre diversifica il proprio portafoglio.
Nature's Miracle Holding (NASDAQ: NMHI) ha anunciado su entrada en un Acuerdo de Compra de Acciones para adquirir una participación del 90% en J&Y Marigold, una empresa con sede en Toronto que está desarrollando una instalación de minería de Bitcoin. La adquisición, valorada en 5,32 millones de dólares, involucra una instalación con una capacidad de potencia planificada de 14 megavatios (MW). La transacción se completará en dos fases: Fase I (9MW) en el primer trimestre de 2025 y Fase II (5MW) en el segundo trimestre de 2025.
Este movimiento estratégico representa la expansión de NMHI más allá de su negocio principal de tecnología de agricultura vertical al sector de criptomonedas. La compañía espera tener la instalación de minería de Bitcoin completamente operativa para la primera mitad de 2025, posicionándose para capitalizar el creciente mercado de criptomonedas mientras diversifica su portafolio.
Nature's Miracle Holding (NASDAQ: NMHI)는 비트코인 채굴 시설을 개발 중인 토론토 기반 회사 J&Y Marigold의 90% 지분 인수를 위한 주식 매매 계약 체결을 발표했습니다. 532만 달러에 평가된 이번 인수는 14메가와트(MW) 전력 용량을 계획한 시설을 포함합니다. 거래는 두 단계로 완료될 예정입니다: 2025년 1분기(9MW)와 2025년 2분기(5MW)의 단계 II입니다.
이 전략적 움직임은 NMHI가 수직 농업 기술 비즈니스를 넘어 암호화폐 분야로 확장하는 것을 나타냅니다. 회사는 비트코인 채굴 시설을 2025년 상반기에 완전 가동할 계획으로, 증가하는 암호화폐 시장에서 기회를 포착하고 포트폴리오를 다양화하는 데 목적을 두고 있습니다.
Nature's Miracle Holding (NASDAQ: NMHI) a annoncé son entrée dans un Accord d'Achat d'Actions pour acquérir une participation de 90 % dans J&Y Marigold, une entreprise basée à Toronto développant une installation de minage de Bitcoin. L'acquisition, d'une valeur de 5,32 millions de dollars, concerne une installation dont la capacité de puissance prévue est de 14 mégawatts (MW). La transaction sera réalisée en deux phases : Phase I (9MW) au premier trimestre 2025 et Phase II (5MW) au deuxième trimestre 2025.
Ce mouvement stratégique représente l'expansion de NMHI au-delà de son activité principale de technologie d'agriculture verticale vers le secteur des cryptomonnaies. L'entreprise vise à rendre l'installation de minage de Bitcoin entièrement opérationnelle d'ici la première moitié de 2025, se positionnant pour capitaliser sur le marché croissant des cryptomonnaies tout en diversifiant son portefeuille.
Nature's Miracle Holding (NASDAQ: NMHI) hat den Abschluss eines Aktienkaufvertrags zur Übernahme einer 90%igen Beteiligung an J&Y Marigold, einem in Toronto ansässigen Unternehmen, das eine Bitcoin-Mining-Anlage entwickelt, bekannt gegeben. Die Übernahme hat einen Wert von 5,32 Millionen Dollar und umfasst eine Einrichtung mit einer geplanten Leistung von 14 Megawatt (MW). Die Transaktion wird in zwei Phasen abgeschlossen: Phase I (9MW) im ersten Quartal 2025 und Phase II (5MW) im zweiten Quartal 2025.
Dieser strategische Schritt stellt die Expansion von NMHI über ihr Kerngeschäft der vertikalen Landwirtschaftstechnologie in den Kryptowährungssektor dar. Das Unternehmen beabsichtigt, die Bitcoin-Mining-Anlage bis zur ersten Hälfte des Jahres 2025 vollständig betriebsbereit zu haben und sich so im wachsenden Kryptowährungsmarkt zu positionieren, während es sein Portfolio diversifiziert.
- Acquisition of 90% stake in Bitcoin mining facility for $5.32 million
- Significant power capacity expansion with 14MW facility
- Strategic diversification beyond core vertical farming business
- Phased implementation approach reducing immediate capital requirements
- Substantial capital investment required for acquisition
- Departure from core business competency into new sector
- Extended timeline to full operational capability (H1 2025)
- Exposure to volatile cryptocurrency market
Insights
The
A 14MW Bitcoin mining facility represents a moderate-sized operation in today's mining landscape. Assuming industry-standard latest-generation ASIC miners and optimal conditions, this facility could potentially deploy approximately 4,000-4,500 mining units, contributing meaningful hashrate to the Bitcoin network. The phased deployment approach is technically sound, allowing for operational optimization and potential adjustments based on initial performance. However, the timing coincides with Bitcoin's next halving event in 2024, which will reduce mining rewards. The facility's success will heavily depend on access to low-cost power and efficient cooling solutions, important factors not detailed in the announcement.
Pursuant to the Agreement, Nature's Miracle has agreed to purchase
Mr. James Li, Chairman and CEO of Nature's Miracle, commented, "Our acquisition of a majority stake in J&Y Marigold marks an important milestone in strengthening our Bitcoin mining vertical, a transformative step in our journey toward diversification and growth. We expect the 14 MW Bitcoin mining facility being built by J&Y Marigold to be operational in the first half of 2025, enabling us to leverage advanced infrastructure to deliver efficient and scalable mining capabilities. This strategic acquisition allows us to expand beyond our core focus on agriculture technologies and solidify our foundation in the cryptocurrency industry. The global cryptocurrency market is experiencing unprecedented growth, fueled by increasing adoption and heightened institutional interest. Bitcoin mining, in particular, serves as a critical component in maintaining blockchain network security and stability while offering significant economic opportunities. This acquisition represents a vital step in our broader strategy to foster diversified growth, enhance operational capabilities, and seize new opportunities in a fast-evolving global landscape."
About Nature's Miracle Holding Inc.
Nature's Miracle (www.Nature-Miracle.com) is a growing agriculture technology company providing products and services to growers in the Controlled Environment Agriculture ("CEA") industry around the world. The company has recently launched EV and bitcoin business, all energy dependent as CEA.
Forward-Looking Statements
The information in this press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "forecast," "intends," "may," "will," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release may include, for example: the intended use of proceeds from the offering; successful launch and implementation of Nature's Miracle's joint projects with manufacturers and other supply chain participants of steel, rubber and other materials; changes in Nature's Miracle's strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects and plans; Nature's Miracle's ability to develop and launch new products and services; Nature's Miracle's ability to successfully and efficiently integrate future expansion plans and opportunities; Nature's Miracle's ability to grow its business in a cost-effective manner; Nature's Miracle's product development timeline and estimated research and development costs; the implementation, market acceptance and success of Nature's Miracle's business model; developments and projections relating to Nature's Miracle's competitors and industry; and Nature's Miracle's approach and goals with respect to technology. These forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing views as of any subsequent date, and no obligation is undertaken to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. As a result of a number of known and unknown risks and uncertainties, actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: the ability to maintain the listing of the Company's shares on Nasdaq; changes in applicable laws or regulations; the effects of the coronavirus (COVID-19) and any future outbreaks on Nature's Miracle's business; the ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities; the risk of downturns and the possibility of rapid change in the highly competitive industry in which Nature's Miracle's operates; the risk that Nature's Miracle's and its current and future collaborators are unable to successfully develop and commercialize Nature's Miracle's products or services, or experience significant delays in doing so; the risk that the Company may never achieve or sustain profitability; the risk that the Company will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; the risk that the Company experiences difficulties in managing its growth and expanding operations; the risk that third-party suppliers and manufacturers are not able to fully and timely meet their obligations; the risk that Nature's Miracle's is unable to secure or protect its intellectual property; the possibility that Nature's Miracle's may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties described in Nature's Miracle's filings from time to time with the SEC.
For more information, please contact:
Daphne Y. Huang
Chief Financial Officer
Email: daphne.huang@nature-miracle.com
Ascent Investors Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
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SOURCE Nature's Miracle Holding Inc.
FAQ
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