Bitcoin Mining Firm Fortress Names Ex-Galaxy Digital Exec as New CEO — CoinDesk

Bitcoin Mining Firm Fortress Names Ex-Galaxy Digital Exec as New CEO — CoinDesk

Scalia and Armstrong were granted a standard options deal for joining the company (650,000 committed shares at an exercise price of $0.56 per share), but there’s also an asset purchase agreement. Fortress agreed to purchase approximately CAD$254,000 (US$200,600 ) worth of bitcoin mining machines and CAD$306,000 (US$241,700) worth of bitcoin from Scalia and Armstrong in return for one million fully paid and non-assessable Fortress common shares. The asset agreement is expected to close on Oct. 15.

Originally Posted on: https://www.coindesk.com/business/2021/09/24/bitcoin-mining-firm-fortress-names-ex-galaxy-digital-exec-as-new-ceo/
By: Brandy Betz

Written by:

6,131 Posts

View All Posts
Follow Me :

Leave a Reply

%d bloggers like this: