/C O R R E C T I O N -- Synteq Digital/
MWN-AI** Summary
On February 9, 2026, Synteq Digital announced the successful completion of its acquisition of HMTech’s operational and strategic data center assets, a move that is set to significantly bolster its capabilities in ASIC and GPU repair and refurbishment. This acquisition comes shortly after Synteq's strategic real estate deal with Horizon Kinetics and FRMO Corp., marking a considerable expansion of its service offerings in the digital compute infrastructure sector.
The acquired assets include HMTech's operational facilities and two data center sites in Texas, boasting a current and potential expansion capacity of up to 30 megawatts. A major portion of the acquisition consideration was settled in equity, promoting long-term alignment between the parties involved, especially HMTech's leadership and Horizon Kinetics.
With this acquisition, Synteq aims to establish a dedicated GPU Repair and Refurbishment Division, responding to the rising demand for high-performance computing (HPC) and AI hardware maintenance. Taras Kulyk, CEO of Synteq, expressed that this is a strategic move to enhance their lifecycle management capabilities for high-value compute hardware.
Most of HMTech’s management and workforce will be integrated into Synteq to ensure operational continuity. Gerald Wilkie, HMTech’s CEO, will take on a significant role as Vice President of Mining Site Development for Synteq.
Commenting on the transaction, Murray Stahl, CEO of Horizon Kinetics, emphasized the firm's excitement about their evolving partnership with Synteq, suggesting that the merger allows access to valuable resources necessary to thrive in the dynamic digital compute and AI landscapes.
This strategic acquisition is subject to customary closing conditions and is poised to position Synteq Digital as a frontrunner in the digital compute services market.
MWN-AI** Analysis
Synteq Digital's recent acquisition of HMTech's operational and strategic data center assets signifies a crucial milestone in the tech sector, notably in the area of high-performance computing (HPC) and GPU services. This move is poised to enhance Synteq's service offerings and position it strategically within a rapidly evolving market.
Investors should take note of several key aspects stemming from this acquisition. Firstly, the integration of HMTech’s specialized repair facilities and leadership represents a substantial enhancement in Synteq's capabilities. With the increasing demand for high-performance computing solutions, particularly in artificial intelligence and data analytics, Synteq is well-positioned to tap into a lucrative market for GPU repair and refurbishment services. The deal ensures a steady influx of expertise that can help scale operations efficiently.
Additionally, Synteq's acquisition was largely equity-based, indicating a prudent cash management strategy. This could lead to long-term shareholder value creation as the company aligns its interests with those of HMTech and its key partners. The involvement of investment firms like Horizon Kinetics also adds a layer of credibility and confidence to the strategic direction being pursued.
Moreover, the existing infrastructure and operational expertise that HMTech brings will facilitate a seamless transition, allowing Synteq to maintain service continuity while rapidly expanding its market reach. The company appears committed to enhancing its lifecycle management for critical compute hardware, essential for prolonging the utility of high-value assets in a fast-paced environment.
In conclusion, investors should keep a close eye on Synteq Digital as it leverages this acquisition to strengthen its foothold in the digital infrastructure and services market. If managed effectively, this could yield substantial returns as demand for specialized HPC services continues to grow. Investors may consider increasing their stakes or initiating positions in Synteq, capitalizing on this promising growth narrative.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
PR Newswire
In the news release, , issued 09-Feb-2026 by Synteq Digital over PR Newswire, we are advised by the company that the headline should read "Synteq Digital Closes Acquisition of HMTech Operational and Strategic Data Center Assets, Expanding into ASIC and GPU Repair & Refurbishment" rather than "Synteq Digital Enters into Definitive Agreements to Acquire HMTech Operations and Strategic Data Center Assets, Expanding into ASIC and GPU Repair & Refurbishment" as originally issued inadvertently. The complete, corrected release follows:
Synteq Digital Closes Acquisition of HMTech Operational and Strategic Data Center Assets, Expanding into ASIC and GPU Repair & Refurbishment
WILMINGTON, 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.
The 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.
Strategic Expansion into GPU Services
The 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.
"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 compute hardware, including GPUs. We're not abandoning our foundation, but expanding our offering to become a leader in the digital compute services offering."
Leadership Integration
As part of the transaction, the majority of HMTech's management and employees will join Synteq, ensuring seamless continuity for existing clients as operations scale. Gerald Wilkie, CEO of HMTech, will join Synteq's leadership team as Vice President of Mining Site Development to ensure a seamless transition of the newly expanded repair and technical services division and to support site development as the company scales its data center footprint.
"Joining forces with Synteq provides HMTech with the platform and resources to scale our operations at a pace that wouldn't be possible independently," said Gerald Wilkie. "We have built a reputation for technical excellence at all of our sites, and by integrating with Synteq's global footprint, we can now offer our specialized repair and refurbishment services, specifically for GPUs and HPC hardware, to a much broader market. I look forward to working with Taras and the team to build the premier technical services provider in the industry."
"We have watched Synteq execute on its strategy with precision and are thrilled to, once again, convert our relationship from partner to shareholder," said Murray Stahl, CEO of Horizon Kinetics. "This transaction allows us to contribute our real assets to a dynamic operating business that is well-positioned to capitalize on the secular trends in digital compute and AI. We look forward to supporting the team as they execute this next phase of growth."
The completion of the transaction is subject to customary closing conditions.
Advisors
Keefe, Bruyette & Woods ("KBW"), A Stifel Company, served as financial advisor to Synteq Digital in connection with the transaction. Cozen O'Connor LLP served as legal advisor to Synteq Digital.
About Synteq Digital
Synteq Digital is a premier provider of infrastructure, hardware services, and solutions for the global data center sector. The company focuses on expanding its offerings to support large enterprise data center operators and the broader digital compute industry through strategic acquisitions and service expansion.
About Horizon Kinetics LLC
Horizon Kinetics Holding Corporation (OTC: HKHC), through its subsidiary investment manager, Horizon Kinetics Asset Management LLC ("Horizon"), is an investment advisory firm providing independent proprietary research and investment advisory services for long-only and alternative value-based investing strategies.
About FRMO Corp.
FRMO Corp. invests in and receives revenues based upon consulting and advisory fee interests in the asset management sector. For more information, visit www.frmocorp.com .
About HMTech
HMTech is a leading provider of specialized repair and maintenance services for digital compute hardware. Based in Texas, the company operates state-of-the-art facilities focused on ASIC and GPU diagnostics, repair, and refurbishment.
Media Contact:
pr@synteq.digital, http://synteq.digital
SOURCE Synteq Digital
FAQ**
How will the acquisition of HMTech by Synteq Digital, branded under Scott's Liquid Gold, Inc. HKHC, enhance their capabilities in ASIC and GPU repair and refurbishment services?
What specific strategic advantages does the integration of HMTech's assets provide to Synteq Digital in the context of Scott's Liquid Gold, Inc. HKHC?
In what ways might the collaboration between Synteq Digital and Horizon Kinetics, a part of Scott's Liquid Gold, Inc. HKHC, drive innovation in the digital compute infrastructure sector?
How does the leadership transition with HMTech’s Gerald Wilkie joining Synteq Digital impact the company’s growth strategy moving forward, especially under Scott's Liquid Gold, Inc. HKHC?
**MWN-AI FAQ is based on asking OpenAI questions about Scott`s Liquid Gold, Inc. (OTC: HKHC).
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