West Virginia embraces Bitcoin reserves and Bitfarms' $300M AI pivot.
Bitfarms secures $300 million loan for data center expansion amidst regulatory hurdles and rising AI demand.
Bitfarms secures a $300 million loan from Macquarie to develop high-performance computing data centers, addressing increased demand for computational power amid AI application growth.
Bitfarms secures initial funding of $50M from Macquarie for its Panther Creek HPC project, aiming for a $300M buildout in Pennsylvania.
Bitfarms secures $300 million loan to boost AI and data center growth through Macquarie's private debt support.
Bitfarms stock has been labeled 'undervalued' by analyst Mike Colonnese, as the firm shifts focus to AI and energy.
Bitcoin mining stocks fell as Microsoft canceled its AI data center plans in the US and Europe, impacting miners like Bitfarms and Marathon Digital. This highlights miners' reliance on AI business after Bitcoin's halving reduced revenues, complicating challenges from declining crypto prices.
Hive Digital intensifies its Bitcoin holding strategy, expanding mining capacity amid market challenges, emphasizing diversification in AI data centers.
HIVE Digital acquires Bitfarms' Paraguay facility to boost mining by 317%.
Bitfarms completes acquisition of Stronghold Digital, expanding in the U.S. and sells Paraguay facility to HIVE.
Bitfarms completes a $175 million acquisition of Stronghold Digital, enhancing its U.S. operations and exploring AI integration opportunities.
Bitfarms finalizes $175M acquisition of Stronghold Digital Mining, targeting AI expansion.
Bitfarms Ltd. finalizes its acquisition of Stronghold Digital Mining, bolstering U.S. operations and AI initiatives.
Bitfarms acquires Stronghold Digital Mining for $110 million in a major merger of Bitcoin miners.
Bitfarms acquires Stronghold Digital, securing a 1.1GW energy expansion in Pennsylvania.
The US-Canada trade war impacts Bitcoin miners as tariffs alter energy costs and market dynamics. Bitfarms' CEO sees opportunities despite challenges.
Ben Gagnon, CEO of Bitfarms, discusses the impact of geopolitical challenges on Bitcoin mining and emphasizes energy access and deregulation as key growth factors.
Bitfarms' stock surged by 6% following shareholder approval of its merger with Stronghold Digital Mining.
Bitfarms diversifies into AI and HPC post-Bitcoin halving.
Investment firm D.E. Shaw has taken a stake in Bitcoin miner Riot Platforms, joining activist investor Starboard Value. This move may pressure Riot to enhance shareholder value and explore new business strategies.
Hive Digital Technologies plans to quadruple its Bitcoin mining capacity by acquiring Bitfarms' 200 MW facility in Paraguay.
HIVE Digital acquires Bitfarms' 200MW power plant in Paraguay for $56 million, marking a major move in cryptocurrency mining.
HIVE Digital plans to acquire Bitfarms' 200 MW Bitcoin mining site in Paraguay to expand its capacity and enhance sustainability efforts.
HIVE Digital plans to acquire Bitfarms’ 200 MW site in Paraguay for $85 million, aiming to boost its Bitcoin hashrate by 400%.
HIVE Digital acquires Bitfarms' 200-megawatt Bitcoin mining site in Paraguay, boosting its mining capacity to 25 EH/s.
Hive Digital acquires Paraguay mining site from Bitfarms for $85M, boosting its hashrate to 25 EH/s by September.
Bitfarms has sold its largest Paraguay mining farm to Hive Digital for $85 million, aiming to expand its focus on Bitcoin and AI infrastructure in the US.
Corporate giants in Argentina, including Mercado Libre, Globant, and Bitfarms, are embracing Bitcoin, following a trend of holding BTC as a reserve asset.
Riot Platforms boosted their Bitcoin holdings by 141% in 2024 after mining 516 BTC in December. They completed significant advancements at their Corsicana facility and continued strategic BTC purchases. Riot aims to buy more Bitcoin by raising $500 million while seeing a notable surge in hash rate.
Bitfarms mined 211 BTC in December 2024, a slight 2% increase from the previous month, despite an overall decline for the year. They're staying steady in the mining game.
Bitfarms struggles with low stock performance even after a settlement with Riot Platforms, leaving investors questioning if a rebound is coming or if it's losing ground.
Multiple Bitcoin mining companies, including Marathon Digital and Bitfarms, faced substantial net losses in Q3 despite revenue increases due to high operating expenses and competition.
