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RNewswire – Synteq Digital (Synteq) has entered definitive agreements with Horizon Kinetics (Horizon) and FRMO Corp. (FRMO) to acquire key real‑estate assets, including a 10‑MW data center in North Carolina, in an all‑equity deal. The transaction represents the first step in Synteq’s broader expansion strategy.
Horizon, a New York‑based fund manager with roughly $10.4 billion AUM, and FRMO will become shareholders once the deal closes, reinforcing a shared vision for growth in digital infrastructure.
“This acquisition is a turning point for our growth plan,” said Synteq CEO Taras Kulyk. “Building our balance sheet lets us scale services and infrastructure faster. We’re thrilled to add Horizon Kinetics to our cap table; their long‑term investment philosophy aligns with our mission to diversify and strengthen the digital compute ecosystem.”
Horizon CEO Murray Stahl added, “As a long‑term client, we’ve seen Synteq’s operational excellence and innovation. Becoming a shareholder deepens our partnership and supports their expansion in digital mining and HPC.”
The deal is a key milestone in Synteq’s strategy to diversify and deliver added value to clients in digital mining and high‑performance computing. Closing is subject to customary conditions.
About Synteq Digital
Synteq Digital is a growing provider of services and infrastructure for digital mining and HPC. The company expands its portfolio through strategic acquisitions and service extensions to support large enterprise data‑center operators and the broader digital compute industry.
About Horizon Kinetics LLC
Horizon Kinetics Holding Corporation (OTC: HKHC) operates through Horizon Kinetics Asset Management LLC, offering independent research and advisory services for long‑only and alternative value‑based strategies, including the Kinetics Mutual Funds. Offices are in New York City, White Plains, NY, and Summit, NJ.
About FRMO Corp.
FRMO Corp. invests in and earns revenue from consulting and advisory fee interests in the asset‑management sector. More info: www.frmocorp.com.
Media Contact
[email protected] – http://synteq.digital
SOURCE Synteq Digital
