bitfarms News and Articles

BTC mining company Bitfarms sold half of its Bitcoin holdings, which is 3,000 coins in the past week for around $62 M to reduce debt as the decline in the BTC price has had a negative impact on the business. The team wrote that it now holds around 3,349 Bitcoins, and daily BTC production of about...

Toronto-based BTC mining firm Bitfarms issued an update for operations in April 2022. The company noted that 405 Bitcoins were mined which makes 13.5 Bitcoins per day on average. The number of mined Bitcoins went up by 75% from April 2021, and the mining hashrate reached 3.3 exahash per second....

Nasdaq-listed Bitcoin self-mining company Bitfarms announced adding 1000 Bitcoins for $43.2 M to its holdings. Presently, the company owns more than 4300 coins. With the recent acquisition, Bitfarm's holdings of bitcoin went up by 30%. In the published press release, the mining operations provider...

Toronto Stock Exchange (TSXV) -listed Bitfarms has signed an agreement with a private electricity supplier in Argentina to consume up to 210 MW of electricity in a data center for bitcoin mining. The agreement is for eight years. During the first four years, the effective cost of electricity will...