Synteq Digital Acquires Real Estate Assets from Horizon Kinetics, Welcomes Institutional Shareholder

Synteq Digital has entered into definitive agreements with Horizon Kinetics and FRMO Corp. to acquire key real estate assets, including a data center in North Carolina with approximately 10MW capacity, in an all-equity transaction. This acquisition is the first phase of Synteq's broader strategic expansion and will make Horizon and FRMO shareholders upon completion.

Horizon, a NYC-based fund manager with about $10.4 billion in assets under management, aims to support Synteq's growth in the digital infrastructure sector. This acquisition is seen as pivotal for Synteq's growth strategy, enhancing its service capabilities and infrastructure footprint in digital mining and high-performance computing.