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Synteq Digital Enters into Definitive Agreements to Acquire HMTech Operations and Strategic Data Center Assets, Expanding into ASIC and GPU Repair & Refurbishment
Synteq Digital Enters into Definitive Agreements to Acquire HMTech Operations and Strategic Data Center Assets, Expanding into ASIC and GPU Repair & Refurbishment.
About this update from Horizon Kinetics Holding Corporation
[{"type":"text","content":"\r\n\r\n \r\n \r\n Synteq Digital Enters into Definitive Agreements to Acquire HMTech Operations and Strategic Data Center Assets, Expanding into ASIC and GPU Repair & Refurbishment\r\n \r\n \r\n\r\n\r\nSynteq Digital Enters into Definitive Agreements to Acquire HMTech Operations and Strategic Data Center Assets, Expanding into ASIC and GPU Repair & Refurbishment\r\n\r\n\r\n\r\n\r\n\r\n\r\nWILMINGTON, Del., Feb. 9, 2026 /PRNewswire/ -- Synteq Digital (\"Synteq\"), a global leader in digital compute infrastructure and services, today announced it has closed a transformative strategic acquisition involving the operating assets of HMTech, a premier repair and maintenance business.\r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\nThe asset acquisition, together with the previously announced strategic real estate acquisition from Horizon Kinetics (\"Horizon\") and FRMO Corp. (\"FRMO\"), represents a major expansion of Synteq's vertically integrated service capabilities. The assets being acquired from HMTech include its operating business, specialized computer hardware repair facilities, and two data center sites in Texas with current and expansion capacity of up to 30MW. A majority of the consideration for the acquisition was settled in equity, reinforcing the long-term alignment between Synteq, HMTech's leadership, and Horizon.\r\n Strategic Expansion into GPU ServicesThe acquisition of HMTech's assets marks a pivotal expansion in Synteq's service offerings. These core assets of HMTech, which is known for its deep technical expertise in ASIC repairs, will serve as the foundation for Synteq's new GPU Repair and Refurbishment Division. This expansion will allow Synteq to service the booming demand for high-performance computing (HPC) and AI hardware maintenance, extending the lifecycle of critical compute assets for clients and partners worldwide, additionally providing access to low cost computer hardware for its own scaling HPC offering.\r\n \"This acquisition is at a strategic moment for Synteq. By combining HMTech's world-class technical operations with strategic real estate in Texas and North Carolina, we are securing both the talent and the physical footprint needed to dominate the next phase of digital infrastructure,\" said Taras Kulyk, CEO of Synteq Digital. \"We are moving into comprehensive lifecycle management for high-value ...