Nature’s Miracle Holding Inc. Enters Into Agreement to Acquire Controlling Stake in J&Y Marigold, Bolstering Bitcoin Mining Capabilities | PR Newswire [Video]

, /PRNewswire/ — Nature’s Miracle Holding Inc. (NASDAQ: NMHI) (“Nature’s Miracle” or the “Company”), a leader in vertical farming technology and infrastructure, announced today that the Company, through its wholly owned subsidiary NM Data Inc., has entered into a Stock Purchase Agreement dated December 14, 2024 (the “Agreement”), to acquire a 90% equity interest in J&Y Marigold Ltd. (“J&Y Marigold”), a Toronto-based company currently developing a Bitcoin mining facility with anticipated power load of 14 megawatts (“MW”). The acquisition demonstrates Nature’s Miracle’s ambition to diversify its portfolio by venturing into emerging, high-growth industries. By securing a controlling stake in J&Y Marigold, the Company aims to further strengthen its Bitcoin mining capacity and position itself at the forefront of the cryptocurrency revolution, aligning its business model with cutting-edge technologies that are shaping the future of global finance.

Pursuant to the Agreement, Nature’s Miracle has agreed to purchase 90% of the fully-diluted shares of J&Y Marigold Ltd. for …