A.R.T. Digital Holdings Corp. Seizes Opportunity with Kaboomracks Acquisition
Deal News | Dec 11, 2024 | EIN
A.R.T. Digital Holdings Corp., a firm known for its energy-efficient digital infrastructure solutions, has announced a strategic acquisition of Kaboomracks, a recognized marketplace and service provider within the cryptocurrency mining domain. This acquisition is a key step in A.R.T. Digital's transformation from a company focused on mining to a comprehensive digital energy and infrastructure provider. As a wholly owned subsidiary, Kaboomracks enhances A.R.T. Digital's offerings in hosting, co-location, and marketplace functions, allowing them to deliver scalable solutions across the digital economy. The newly merged entity will focus on expanding hosting and co-location services, developing energy-efficient mining solutions, and supporting decentralized blockchain networks. Kaboomracks, with facilities in Washington and Texas, gains access to financial resources and strategic leverage needed for growth and innovation. Under CEO Greg Bachrach, A.R.T. Digital continues to lead in sustainable computational technologies, bolstering its position in the competitive digital energy market.
Sectors
- Digital Infrastructure
- Cryptocurrency Mining
- Energy Solutions
Geography
- United States – Kaboomracks has operational facilities in Wenatchee, Washington State, and Houston and McAllen, Texas, making the U.S. a significant geography for the merger.
Industry
- Digital Infrastructure – A.R.T. Digital Holdings operates in the digital infrastructure industry, providing energy-efficient solutions for data processing and blockchain technologies.
- Cryptocurrency Mining – Kaboomracks specializes in cryptocurrency mining, offering equipment, services, and solutions crucial for the mining sector.
- Energy Solutions – Both companies are involved in developing energy-efficient solutions for the mining and digital infrastructure sectors.
Financials
- – No specific financial details are disclosed in the article regarding the merger.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| A.R.T. Digital Holdings Corp. | Bidding Company/Buyer | Company | A leader in energy-efficient digital infrastructure aiming to expand its digital energy solutions. |
| Kaboomracks | Target Company | Company | A trusted marketplace and service provider for cryptocurrency mining. |
| Greg Bachrach | CEO | Person | CEO of A.R.T. Digital Holdings, leading the strategic expansion into digital energy solutions. |