Core Insights - Synteq Digital has completed a strategic acquisition of HMTech, enhancing its digital compute infrastructure and service capabilities [1][2] Group 1: Acquisition Details - The acquisition includes HMTech's operating business, specialized computer hardware repair facilities, and two data center sites in Texas with a capacity of up to 30MW [2] - The majority of the acquisition consideration was settled in equity, aligning interests between Synteq, HMTech's leadership, and Horizon Kinetics [2] Group 2: Strategic Expansion - The acquisition marks a significant expansion into GPU services, establishing a new GPU Repair and Refurbishment Division to meet the growing demand for high-performance computing and AI hardware maintenance [3] - This move allows Synteq to extend the lifecycle of critical compute assets and provide low-cost hardware for its HPC offerings [3] Group 3: Leadership Integration - A majority of HMTech's management and employees will join Synteq, ensuring continuity for existing clients as operations scale [5] - Gerald Wilkie, CEO of HMTech, will become Vice President of Mining Site Development at Synteq, facilitating the transition of the expanded repair and technical services division [5] Group 4: Market Positioning - The acquisition positions Synteq to dominate the next phase of digital infrastructure by combining HMTech's technical operations with strategic real estate in Texas and North Carolina [4] - Synteq aims to become a leader in comprehensive lifecycle management for high-value compute hardware, including GPUs [4] Group 5: Advisor Information - Keefe, Bruyette & Woods served as the financial advisor, while Cozen O'Connor LLP acted as the legal advisor for Synteq Digital in this transaction [7]