BITFARMS
Bitfarms Ltd., founded in 2017, is a leading global Bitcoin mining company publicly traded on NASDAQ and TSX under the symbol BITF. With a commitment to sustainability and local energy infrastructure, the company operates 11 active mining farms and has 2 more in development across Canada, the United States, Paraguay, and Argentina. Bitfarms' vertically integrated approach includes in-house management, electrical engineering, installation services, and technical repair centers. Utilizing predominantly environmentally friendly hydro-electric power and long-term contracts, the company's proprietary data analytics system ensures top-notch operational performance and uptime.
Bitfarms Implements Shareholder Rights Plan Amid Riot Platforms' Hostile Takeover Attempt
Bitfarms adopts a shareholder rights plan to counter Riot Platforms' takeover attempt and ensure fair value for shareholders.
Riot Platforms Acquires 12% Stake in Bitfarms Ltd., Intends to Propose New Directors
Riot Platforms now holds a 12% stake in Bitfarms Ltd. and plans to nominate new directors to the board.
Bitfarms (BITF) Reports Significant Hashrate Increase and Operational Expansion
Bitfarms earned 156 BTC in May 2024, increased hashrate to 9.5 EH/s, and secured additional hydropower.
Bitfarms (BITF) Announces Results of Annual Shareholders' Meeting
Bitfarms reveals the outcomes of its annual shareholders' meeting, including board elections and auditor reappointments.
Riot Proposes to Acquire Bitfarms for $2.30 Per Share
Riot Platforms proposes acquisition of Bitfarms to create the largest publicly listed Bitcoin miner.
Bitfarms Achieves Milestone with 446 BTC Mined in December 2023, Marking Significant Growth
In December 2023, Bitfarms reported a productive month with 446 BTC mined, $18.9M in revenue from BTC sales, and a $84M year-end cash reserve.
Bitcoin Miner Bitfarms Mines 411 BTC in September 2023
Bitfarms, a Canadian Bitcoin mining firm, mined 411 BTC in September 2023, marking a 7.3% increase from the previous month. The company sold 362 BTC, generating $9.5 million in revenue. Bitfarms has been expanding its operations, including fully energizing its Argentina facility at Rio Cuarto to 51 MW, and increasing its total operating capacity to 233 MW.
Bitcoin Miner Bitfarms Mined 1,223 BTC but with $25 Million Net Loss in Q2 2023
Bitfarms mined 1,223 BTC in Q2 2023, reaching a hashrate of 5.3 EH/s. Revenue was $35M, with a net loss of $25M. The firm also secured 150 MW of hydropower.
Bitcoin Miner Bitfarms Mined 378 BTC and Sold 333 in July
Bitcoin Miner Bitfarms mined 378 BTC and sold 333 in July 2023. The report details expansion plans, including a move to double hydropower capacity, and highlights challenges faced.
Bitcoin Miner Bitfarms Starts Production in Argentina
The new production facility marks Bitfarms’ 10th mining facility and Argentina as the fourth country where the firm conducts its mining activities, besides the U.S., Canada, and Paraguay.
BTC Miner Bitfarms' Energy Capacity Touches 21% in July
Bitfarms' increase in energy capacity reached 166 megawatts following the firm's completion of the second phase of construction at a location in Canada.
Bitfarms Sells 1500 BTC Goes for New Loan to Boost Liquidity
Bitfarms has now relied on sales of some of its mined Bitcoins and borrowings to fund its capital expenditure and improve its liquidity.
Bitfarms Records $40m in Total Revenue and 900 BTC Mined in Q1 2022
Bitfarms expressed its happiness with the progress that it continues to make. The firm achieved record levels of hash rate, revenue, and Bitcoin mined in the first quarter.
COVID-19 Hits Canadian Crypto Mining Firm Bitfarms, Forced to Lay Off Staff to Maintain Cost Efficiency
Publicly-listed Canadian crypto mining form Bitfarms has temporarily reduced employees because of the social and economic challenges caused by the coronavirus outbreak.