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Synteq Digital Enters Into Definitive Agreements for Strategic Real Estate Acquisition from Horizon Kinetics, Welcoming the Firm as its first Institutional Shareholder
Synteq Digital (Synteq), a leader in the digital compute sector, today announced it has entered into definitive agreements with Horizon Kinetics (Horizon), and FRMO Corp. (FRMO), to acquire key real estate assets, including a data center in North Carolina with approximately 10MW of capacity in an all-equity transaction. This real asset transaction marks the first phase of Synteq Digital's broader strategic expansion.
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[{"type":"text","content":"WILMINGTON, Del., Dec. 15, 2025 /PRNewswire/ -- Synteq Digital (Synteq), a leader in the digital compute sector, today announced it has entered into definitive agreements with Horizon Kinetics (Horizon), and FRMO Corp. (FRMO), to acquire key real estate assets, including a data center in North Carolina with approximately 10MW of capacity in an all-equity transaction. This real asset transaction marks the first phase of Synteq Digital's broader strategic expansion.","length":477,"tagName":"p"},{"type":"image","alt":"Synteq Digital (PRNewsfoto/Synteq Digital)","displaySize":"","headline":null,"caption":"Synteq Digital (PRNewsfoto/Synteq Digital)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":126,"url":"https://media.zenfs.com/en/prnewswire.com/55e56f017987ed3c845f0ec17ffabb88"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Y11qewp4WP_2ug0ByOfwqw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIyMjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/55e56f017987ed3c845f0ec17ffabb88","width":400,"height":126}},"href":"https://mma.prnewswire.com/media/2581069/Synteq_Primary_Slate_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Horizon, a distinguished NYC-based fund manager with approximately $10.4 billion in assets under management,along with FRMO, will become a shareholder of Synteq upon the completion of this strategic transaction. This partnership underscores a shared vision for future growth and value creation in the digital infrastructure space.","length":330,"tagName":"p"},{"type":"text","content":""This acquisition marks a pivotal moment in our growth strategy as we begin to build our balance sheet, allowing us to expand our service capabilities and infrastructure footprint rapidly," said Taras Kulyk, CEO of Synteq. "We are particularly excited to welcome Horizon Kinetics to our cap table. Having been a long-term client and partner to our team, their long-term investment philosophy aligns perfectly with our vision, and having a partner of their caliber validates our mission to diversify and strengthen the digital compute ecosystem."","length":565,"tagName":"p"},{"type":"text","content":"Murray Stahl, CEO of Horizon, commented on the new partnership: "Having been a long-term client of Synteq's, we've witnessed first-hand their ...