Synteq Digital Enters Into Definitive Agreements for Strategic Real Estate Acquisition from Horizon Kinetics, Welcoming the Firm as its first Institutional Shareholder

Core Insights - 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 of capacity in an all-equity transaction, marking the first phase of its strategic expansion [1][2] Company Overview - Synteq Digital is a growing provider of services and infrastructure in the digital mining and high-performance computing (HPC) sectors, focused on expanding its offerings to support large enterprise data center operators and the broader digital compute industry through strategic acquisitions and service expansion [5] Partnership Details - Horizon Kinetics, a NYC-based fund manager with approximately $10.4 billion in assets under management, along with FRMO, will become a shareholder of Synteq upon completion of the transaction, highlighting a shared vision for future growth and value creation in the digital infrastructure space [2][3] Strategic Importance - The acquisition is seen as a pivotal moment in Synteq's growth strategy, allowing the company to build its balance sheet and expand its service capabilities and infrastructure footprint rapidly, while reinforcing its mission to diversify and provide additional value-added services in the digital mining and HPC sectors [3][4]