Nature’s Miracle enters agreement to acquire controlling stake in J&Y Marigold

Nature’s Miracle (NMHI) announced that the Company, through its wholly owned subsidiary NM Data Inc., has entered into a Stock Purchase Agreement dated December 14, 2024, to acquire a 90% equity interest in J&Y Marigold, a Toronto-based company currently developing a Bitcoin mining facility with anticipated power load of 14 megawatts. 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 an aggregate purchase price of up to $5.32 million