WILMINGTON, Delaware — February 9, 2026
Executive Summary
Synteq Digital has announced the closing of a strategic asset acquisition involving the operating and technical assets of HMTech, a repair and maintenance business specializing in digital compute hardware. The transaction expands Synteq Digital’s vertically integrated service capabilities and establishes a new division focused on ASIC and GPU repair and refurbishment. According to the company, the acquired assets include HMTech’s operating business, specialized computer hardware repair facilities, and two data center sites in Texas with current and planned expansion capacity of up to 30 megawatts. The transaction follows a previously announced strategic real estate acquisition from Horizon Kinetics and FRMO Corp. and was structured primarily as an equity-based consideration to align long-term interests among Synteq Digital, HMTech’s leadership, and its strategic partners. The acquisition positions Synteq Digital to support growing demand for high-performance computing and AI hardware lifecycle services while expanding its physical data center footprint and technical service offerings.
Announcement Overview
Synteq Digital announced that it has closed the acquisition of the operating and strategic assets of HMTech, completing a transaction that expands the company’s repair, maintenance, and lifecycle management capabilities for digital compute infrastructure. The acquisition includes HMTech’s operational business, its specialized hardware repair facilities, and two Texas-based data center sites with existing capacity and planned expansion potential.
The company stated that the acquisition is part of a broader strategy to build vertically integrated services across the digital compute value chain. When combined with Synteq Digital’s previously announced strategic real estate acquisition from Horizon Kinetics and FRMO Corp., the transaction materially expands Synteq Digital’s operational footprint, service scope, and technical capabilities.
According to Synteq Digital, a majority of the consideration for the HMTech asset acquisition was settled in equity, reinforcing long-term alignment between the acquiring company, HMTech’s management team, and its strategic partners. The company emphasized that the transaction is designed to support long-term operational growth rather than near-term financial engineering.
Key Announcement Details
- Announcement classification: Strategic asset acquisition and operational capability expansion
- Transaction status: Closed
- Acquiring entity: Synteq Digital
- Acquired assets: HMTech operating business and strategic technical assets
- Transaction structure: Asset acquisition (operating and infrastructure assets)
- Consideration structure: Majority equity-based consideration
- Strategic alignment parties: Synteq Digital, HMTech leadership, Horizon Kinetics, FRMO Corp.
- Core operational expansion: Vertically integrated compute hardware repair, refurbishment, and lifecycle services
- Primary technical focus areas:
- ASIC diagnostics, repair, and refurbishment
- GPU diagnostics, repair, and refurbishment
- High-performance computing (HPC) hardware lifecycle management
- New division established: GPU Repair and Refurbishment Division
- Purpose of new division:
- Extend usable life of high-value compute hardware
- Support AI, HPC, and data-intensive workloads
- Provide refurbished hardware supply for internal and client deployment
- Infrastructure assets acquired:
- Specialized computer hardware repair facilities
- Two operational data center sites
- Data center geography: Texas, United States
- Current operational capacity: Undisclosed active capacity
- Planned and scalable capacity: Up to 30 megawatts total across acquired sites
- Related strategic real estate transactions:
- Prior real estate acquisition from Horizon Kinetics
- Prior real estate acquisition from FRMO Corp.
- Leadership integration:
- Majority of HMTech management and employees joining Synteq Digital
- Operational continuity for existing HMTech clients
- Executive appointment post-transaction:
- Gerald Wilkie, CEO of HMTech
- Appointed role: Vice President of Mining Site Development, Synteq Digital
- Industry segments served:
- Digital compute infrastructure
- Data centers
- High-performance computing
- Artificial intelligence hardware ecosystems
- Client and partner use cases:
- Enterprise data center operators
- AI and HPC infrastructure providers
- Institutional compute asset owners
- Advisors to Synteq Digital:
- Financial advisor: Keefe, Bruyette & Woods (KBW), a Stifel Company
- Legal advisor: Cozen O’Connor LLP
- Announcement date: February 9, 2026
- Announcement location: Wilmington, Delaware, United States
Strategic Context
According to Synteq Digital, the acquisition reflects a strategic response to accelerating demand for high-performance computing infrastructure and the increasing importance of hardware lifecycle management within AI-driven and data-intensive workloads. As GPU and ASIC hardware become more central to enterprise computing, AI model training, and specialized compute environments, the ability to repair, refurbish, and extend the usable life of these assets has become an operational priority.
The company stated that the integration of HMTech’s assets enables Synteq Digital to move beyond infrastructure ownership and hosting into comprehensive lifecycle services. This includes diagnostics, repair, refurbishment, and redeployment of high-value compute hardware. According to the company, these capabilities support both client requirements and internal operational efficiency as Synteq Digital continues to scale its own high-performance computing offerings.
Synteq Digital described the transaction as part of a broader trend toward vertical integration in digital infrastructure, where control over physical assets, technical services, and real estate allows operators to manage cost, reliability, and scalability more effectively.
Expansion Into ASIC and GPU Repair and Refurbishment
Synteq Digital stated that the acquired HMTech assets will serve as the foundation for a newly established GPU Repair and Refurbishment Division. HMTech is known for technical expertise in ASIC repair, diagnostics, and maintenance, and the company indicated that this expertise will now be extended to GPU and broader high-performance computing hardware.
According to Synteq Digital, the new division will support clients seeking to maintain, refurbish, and extend the life of compute assets used in AI training, inference workloads, and other data-intensive applications. The company also noted that access to refurbished hardware provides an additional pathway to lower-cost compute capacity for its own scaling HPC operations.
The company emphasized that the expansion does not replace existing service offerings but builds on Synteq Digital’s existing infrastructure and services. By combining hardware services with data center capacity and strategic real estate assets, Synteq Digital aims to provide end-to-end solutions across the digital compute lifecycle.
Leadership Commentary
“This acquisition is at a strategic moment for Synteq,” said Taras Kulyk, Chief Executive Officer of Synteq Digital. “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. 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 and Operational Continuity
As part of the transaction, Synteq Digital confirmed that the majority of HMTech’s management team and employees will join the company. According to Synteq Digital, this integration is intended to ensure continuity for existing clients while enabling operational scaling.
Gerald Wilkie, Chief Executive Officer of HMTech, will join Synteq Digital’s leadership team as Vice President of Mining Site Development. In this role, Wilkie will support the transition of the acquired repair and technical services operations and contribute to the development of new data center sites as Synteq Digital expands its infrastructure 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.”
Strategic Partner Perspective
Murray Stahl, Chief Executive Officer of Horizon Kinetics, commented on the transaction and its broader implications for Synteq Digital’s growth strategy.
“We have watched Synteq execute on its strategy with precision and are thrilled to, once again, convert our relationship from partner to shareholder,” said Stahl. “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.”
Data Center Assets and Infrastructure Expansion
Synteq Digital stated that the acquisition includes two data center sites in Texas with existing capacity and expansion potential of up to 30 megawatts. The company noted that these facilities provide both operational scale and geographic diversification.
According to Synteq Digital, the data center assets support the deployment of compute-intensive workloads and align with the company’s broader infrastructure strategy. The facilities are positioned to support repair, refurbishment, and redeployment workflows alongside hosting and operational services.
The company emphasized that the combination of real estate assets, technical facilities, and specialized personnel strengthens its ability to deliver integrated solutions to enterprise and institutional clients.
Advisory and Transaction Support
Synteq Digital confirmed that Keefe, Bruyette & Woods, a Stifel Company, served as financial advisor in connection with the transaction. Cozen O’Connor LLP served as legal advisor to Synteq Digital.
According to the company, the transaction remains subject to customary closing conditions, though the asset acquisition itself has been completed.
About Synteq Digital
Synteq Digital is a global provider of digital compute infrastructure, hardware services, and solutions for the data center and high-performance computing sector. The company focuses on supporting large enterprise data center operators, institutional clients, and partners across the digital compute ecosystem through infrastructure ownership, strategic real estate, and technical service expansion.
Synteq Digital operates across data center infrastructure, compute services, and hardware lifecycle management. Its platform is designed to support emerging demand driven by artificial intelligence, machine learning, and compute-intensive enterprise applications. The company has expanded its service offerings through strategic acquisitions, including infrastructure assets and specialized technical operations.
With the acquisition of HMTech’s assets, Synteq Digital has established in-house capabilities for ASIC and GPU diagnostics, repair, and refurbishment, enabling end-to-end lifecycle services for high-value compute hardware. The company operates facilities across multiple U.S. locations, including Texas, and continues to expand its geographic and operational footprint through strategic partnerships and real estate investments.
About Horizon Kinetics LLC
Horizon Kinetics Holding Corporation (OTC: HKHC), through its subsidiary Horizon Kinetics Asset Management LLC, is an investment advisory firm providing proprietary research and investment advisory services. The firm manages assets across long-only and alternative strategies with a focus on value-oriented and research-driven investment approaches.
Horizon Kinetics is known for its emphasis on fundamental analysis, long-duration investment horizons, and participation in complex or less-efficient markets. In addition to public-market investing, the firm engages in strategic investments and partnerships involving real assets and operating businesses aligned with its long-term investment philosophy.
About FRMO Corp.
FRMO Corp. is an investment company that participates in the asset management sector through advisory, consulting, and fee-based revenue interests. The company provides capital and advisory support to asset management-related businesses and investment platforms.
FRMO Corp.’s activities are centered on long-term participation in financial services and asset management enterprises, including strategic relationships that combine advisory involvement with economic interests tied to operating performance.
About HMTech
HMTech is a specialized provider of repair, diagnostics, and maintenance services for digital compute hardware. Based in Texas, the company operates technical facilities focused on servicing ASIC and GPU hardware deployed in compute-intensive environments.
HMTech’s operations support the refurbishment and lifecycle extension of high-value compute assets used in data centers and other digital infrastructure applications. The company has built technical expertise in hardware diagnostics, repair workflows, and refurbishment processes designed to restore and redeploy compute equipment within operational environments.
Source Attribution
Source: Company announcement