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COVID-19 Hits Canadian Crypto Mining Firm Bitfarms, Forced to Lay Off Staff to Maintain Cost Efficiency
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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.

Riot Proposes to Acquire Bitfarms for $2.30 Per Share
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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 (BITF) Announces Results of Annual Shareholders' Meeting
bitfarms

Bitfarms (BITF) Announces Results of Annual Shareholders' Meeting

Bitfarms reveals the outcomes of its annual shareholders' meeting, including board elections and auditor reappointments.

Bitfarms (BITF) Reports Significant Hashrate Increase and Operational Expansion
bitfarms

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.

Riot Platforms Acquires 12% Stake in Bitfarms Ltd., Intends to Propose New Directors
bitfarms

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 Responds to Riot Platforms' Alleged Disruption of Strategic Review
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Bitfarms Responds to Riot Platforms' Alleged Disruption of Strategic Review

Bitfarms addresses Riot Platforms' actions amid its strategic alternatives review.

Bitfarms Implements Shareholder Rights Plan Amid Riot Platforms' Hostile Takeover Attempt
bitfarms

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.

Bitfarms (BITF) Faces TSX Deferral on Shareholder Rights Plan Consideration
bitfarms

Bitfarms (BITF) Faces TSX Deferral on Shareholder Rights Plan Consideration

Bitfarms announced that the TSX has deferred its decision on the company's Shareholder Rights Plan.

Riot Platforms Criticizes Bitfarms' Adoption of Poison Pill
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Riot Platforms Criticizes Bitfarms' Adoption of Poison Pill

Riot Platforms criticizes Bitfarms for adopting a shareholder-unfriendly poison pill plan.

Bitfarms to Develop 120 MW Bitcoin Mining Facility in Pennsylvania, Projects Over 35 EH/s by 2025
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Bitfarms to Develop 120 MW Bitcoin Mining Facility in Pennsylvania, Projects Over 35 EH/s by 2025

Bitfarms plans 120 MW facility in Pennsylvania, targeting 35 EH/s by 2025.

Riot Platforms Acquires 14% Stake in Bitfarms Ltd.
bitfarms

Riot Platforms Acquires 14% Stake in Bitfarms Ltd.

Riot Platforms, Inc. acquires a 14% stake in Bitfarms Ltd., increasing its holdings and planning to influence corporate governance.

Riot Platforms Calls for Special Meeting to Overhaul Bitfarms Board
bitfarms

Riot Platforms Calls for Special Meeting to Overhaul Bitfarms Board

Riot Platforms, owning 14.9% of Bitfarms, has called for a special meeting to nominate three independent directors, aiming for significant changes in Bitfarms' governance.

Bitfarms (BITF) Faces Shareholder Meeting Requisition from Riot Platforms
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Bitfarms (BITF) Faces Shareholder Meeting Requisition from Riot Platforms

Bitfarms receives a requisition from Riot Platforms for a shareholder meeting to gain control of its Board of Directors, according to GlobeNewswire.

Bitfarms Welcomes Fanny Philip to Board of Directors
bitfarms

Bitfarms Welcomes Fanny Philip to Board of Directors

Bitfarms appoints Fanny Philip, a blockchain and finance expert, to its Board of Directors, enhancing its leadership team.

Bitfarms Appoints Ben Gagnon as New CEO to Drive Future Growth
bitfarms

Bitfarms Appoints Ben Gagnon as New CEO to Drive Future Growth

Bitfarms Ltd. has appointed Ben Gagnon as the new CEO, effective immediately. Gagnon, previously Chief Mining Officer, aims to expand and diversify the company's operations.

Riot Platforms Unveils Campaign Website Targeting Bitfarms Board Overhaul
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Riot Platforms Unveils Campaign Website Targeting Bitfarms Board Overhaul

Riot Platforms has launched a new website, www.ABetterBitfarms.com, as part of its efforts to reconstitute the Bitfarms Board of Directors.

Bitfarms Reports June 2024 Bitcoin Production and Operational Advances
bitfarms

Bitfarms Reports June 2024 Bitcoin Production and Operational Advances

Bitfarms earned 189 BTC in June 2024, increased hashrate to 11.4 EH/s, and expanded operations in the U.S. and Paraguay.

Bitfarms (BITF) Schedules Special Shareholder Meeting Amid Riot Platforms Dispute
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Bitfarms (BITF) Schedules Special Shareholder Meeting Amid Riot Platforms Dispute

Bitfarms Ltd. has scheduled a special shareholder meeting for October 29, 2024, in response to a requisition by Riot Platforms. Shareholders of record as of September 26 are eligible to vote.

Bitcoin Miner Bitfarms Mines 411 BTC in September 2023
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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.

Bitfarms Sells 1500 BTC Goes for New Loan to Boost Liquidity
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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.

Bitcoin Miner Bitfarms Mined 1,223 BTC but with $25 Million Net Loss in Q2 2023
bitfarms

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.

Bitfarms Records $40m in Total Revenue and 900 BTC Mined in Q1 2022
bitfarms

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.

Bitcoin Miner Bitfarms Starts Production in Argentina
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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.

Bitcoin Miner Bitfarms Mined 378 BTC and Sold 333 in July
bitfarms

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.

BTC Miner Bitfarms' Energy Capacity Touches 21% in July
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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 Achieves Milestone with 446 BTC Mined in December 2023, Marking Significant Growth
bitfarms

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.

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