Safe & Green Holdings Acquires CS Digital for $20M

Safe & Green Holdings Corp. (NASDAQ: SGBX) has completed its strategic acquisition of CS Digital, a digital infrastructure company specializing in energy-intensive data centers, including bitcoin mining and high-density compute deployment.

The deal, detailed in the company's latest Form 8-K filing, is significant for shareholders as it could impact the company's business model, financial structure, and future growth prospects.

The acquisition structure involves Safe & Green Holdings acquiring 100% of CS Digital's membership interests, making it a wholly owned subsidiary.

CS Digital operates approximately 35 megawatts of installed power capacity in current operation, focusing on digital infrastructure and bitcoin mining.