Scalia and Armstrong were granted a standard options deal for joining the company (650,000 committed shares at an exercise price of $0.56 per share), but there’s also an asset purchase agreement. Fortress agreed to purchase approximately CAD$254,000 (US$200,600 ) worth of bitcoin mining machines and CAD$306,000 (US$241,700) worth of bitcoin from Scalia and Armstrong in return for one million fully paid and non-assessable Fortress common shares. The asset agreement is expected to close on Oct. 15.
Bitcoin Mining Firm Fortress Names Ex-Galaxy Digital Exec as New CEO — CoinDesk
