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.
Bitfarms plans to acquire Stronghold Digital Mining, boosting its energy portfolio to over 950 MW by 2025 and expanding its U.S. presence to 66%.
Hut 8, Bitfarms, and HIVE Digital, bitcoin miners, reported Q3 earnings amid challenging post-halving economics.
Bitfarms faces setbacks in meeting its mid-year 12 EH/s hash rate target due to equipment delivery delays and miner servicing needs. Despite these challenges, the company is focused on improving logistics and supplier collaboration to boost its mining capacity and maintain its market position.
Bitfarms partners with Stronghold Digital Mining to deploy 10,000 miners in Pennsylvania, optimizing costs and expanding capacity.
Bitfarms increased its Bitcoin earnings by 9% in October 2024, earning 236 BTC and growing its treasury to 1,188 BTC. The company's expansion in hash rate and operational capacity aims to enhance profitability and maintain a leading position among global Bitcoin miners.
Bitfarms partners with Stronghold Digital Mining to deploy 10,000 miners in Pennsylvania, enhancing efficiency and expanding U.S. operations.
Bitfarms collaborates with Stronghold to expand its Bitcoin mining operations, addressing stock performance challenges.
Bitfarms plans to enhance its Bitcoin mining by adding 10,000 miners at Stronghold Digital Mining's Scrubgrass site in Pennsylvania.
Bitfarms partners with Stronghold to deploy 10,000 Bitcoin miners at the Scrubgrass site.
Bitfarms has nominated former Paxos COO Andrew Chang to its board of directors, enhancing its leadership.
Crypto stocks like MicroStrategy, Coinbase, and Marathon saw modest gains as Bitcoin approaches record highs. Bitfarms, a notable performer, nominated a new board member during its proxy battle with Riot Platforms.
Riot Platforms has increased its stake in Bitfarms by acquiring shares worth $2.28 million. This move highlights Riot's strategy to expand its operations and maintain its relationship with Bitfarms.
Bitfarms' stock fell 19.4% amid mixed results in Bitcoin mining stocks, reflecting broader market challenges and Bitcoin's 4.5% decline in October.
Bitfarms founder Nicolas Bonta sold $4 million in shares recently, impacting shareholder confidence.
Bitfarms plans to double its operational capacity to 21 EH/s by 2025, expanding in Canada, the U.S., Paraguay, and Argentina.
Bitfarms has signed an agreement with Stronghold Digital Mining to deploy 10,000 Bitmain T21 miners at their Panther Creek facility, accelerating their operational capacity by ~2.2 EH/s. This move will boost Bitfarms' hash rate growth and competitiveness, helping them reach a target of 21 EH/s by year-end.
Bitfarms achieved an energy efficiency of 21 w/TH, three months ahead of schedule, enhancing profitability and paving the way for further expansion.
