Canadian Bitcoin Mining Firm Pow.Re Holdings Limited has announced plans to acquire Swiss Bitcoin Liquidity Protocol Block Green AG in a trading combination of stock, Bitcoin and cash.
Combining mining and financial services, POW.RE and Block Green Marge
With a decisive agreement within 90 days, the acquisition aims to integrate Pow.RE’s sustainable mining operations with Block Green’s financial services for Bitcoin miners. Based on the terms disclosed, Pow.RE acquires 100% of Block Green’s shares through stock swaps, along with Bitcoin (BTC) and US dollar payments.
Regulated under the Swiss Act and supported by investors including Founders Fund and Coinbase Ventures, Block Green offers liquidity solutions such as revenue streaming and hedging tools for miners. POW.RE operates hydroelectric power plants in Canada and Paraguay and specializes in hashrate management technology. Companies are looking for synergistic effects, including expanding market access through Block Green’s mining industry partnership.
This includes strengthening diverse revenue streams and regulatory authorities through Block Green’s Swiss license and pending European Union approvals. POW.RE commits a baseload of 24 months of hash power to block marketplaces after the green acquisition. Block Green CEO Sebastien Hess will be on the board of Pow.Re, and the Block Green team will remain to ensure continuity.
This transaction is subject to regulatory approval and closure terms. Pow.re framed the move as a step towards building a Bitcoin credit infrastructure, while Blockgreen highlighted the benefits of scalability in financial products. Neither revealed financial terms related to the transaction. Both companies will maintain their operations in Montreal and Lottreuse, Switzerland.