Tag: bitfarms

Dec 14 2022

Nasdaq Issues Warning To Bitfarms Over Low Stock Price

Dec 14 2022 Published at Coinscreed under tags  bitcoin bitfarms mining news

Bitfarms could face delisting risks if it fails to recover its stock price above $1 per share, this is a warning by the Nasdaq stock exchange Due to the current cryptocurrency winter, Bitfarms, a Canadian bitcoin mining company, is having compliance issues with its Nasdaq listing. On December 13, Nasdaq sent Bitfarms a warning letter […] The post...

Nov 17 2022

Bitfarms Deepens 2022 Loss Despite More Bitcoins Mined

Bitfarms (NASDAQ:BITF), a cryptocurrency mining company, recently reported its financials for the three months that ended 30 September 2022. Despite higher

Sep 19 2022

Bitcoin Mining Company Bitfarms Kickstarts Megafarm Operations In Argentina

Bitfarms’ megafarm Bitcoin facility situated in Argentina is now online and already contributing to the overall hashrate of the Bitcoin network. This after the farm, which started its construction on October 2021, was finally unveiled and started operating last September 16. Currently, the facility, in its first phase, is generating 10 megawatts (MW) of mining power. The Nasdaq- listed Bitcoin mining company said they...

Sep 02 2022

Bitfarms Reports Higher BTC Production Following Increase In Miner Revenues

Public bitcoin miners have had a difficult couple of months since the price of bitcoin dropped below the $30 level. The digital asset’s mining revenues had plummeted with the price and had brought down the cash flow on bitcoin miners with it. Despite this decline, some bitcoin miners are taking the bear market head-on, using this as a time to build. Bitfarms Increases...

Aug 16 2022

Bitcoin Miner Riot Q2 Update Underscores Market Conditions, Holds Over 6,000 BTC

The company still holds a large treasury and ramped up its infrastructure through a $14 million bitcoin sale and dumping over 30 million shares onto the market.Riot increased its mining fleet to over 44,000 miners and still has more than 3,000 left to deploy. The company’s bitcoin production rose 107% YoY. A $14 million bitcoin sale and a 30 million share offering...

Jul 06 2022

Public Miners Start Selling Bitcoin Treasuries

As June monthly production updates roll out over the next week, Core Scientific and Bitfarms have both sold nearly 50% or more of their bitcoin treasuries....

Jun 01 2022

Bitfarms Mined 431 BTC in May, Now Holds $192 Million In Bitcoin

Bitfarms, a publicly traded miner, released its bitcoin mining update showing 431 BTC mined with 6,075 BTC ($192 million) held in custody.Bitfarms released a mining and production update for May 2022. The company mined a total of 431 BTC valued at $16.6 million and deposited 429 BTC into custody (99%). The miner now holds 6,075 BTC, currently valued at over $192.5 million....

May 02 2022

Bitfarms Mined 405 Bitcoin In April, Now Holds 5,646 BTC

Bitfarms released a bitcoin mining update detailing a 75% YoY increase in production and the custodying of 99% of total mined BTC in April.Bitfarms, a publicly traded bitcoin mining company, released bitcoin production results and a mining operations update for April 2022. The total revenue reached 405 BTC for the month, netting a total of $15.6 million. Of the 405 BTC mined,...

Apr 26 2022

The Current State Of Public Bitcoin Mining

The trend of falling hash price will force weaker miners to unplug, find more efficient energy sources and/or sell off machines or bitcoin holdings.The below is a full, free excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to...

Jan 21 2022

Bitcoin Mining Company Bitfarms Purchases 1,000 Bitcoin

During the first week of January 2022, a Nasdaq-listed Bitcoin mining firm bought 1,000 Bitcoin. Thus, increasing the number of Bitcoins the company holds to 4,300 BTC tokens. In a report released on Monday, the Canadian company announced its purchase of over $43.2 million worth of Bitcoins. This purchase resulted in a 30% increase in their...

Jan 10 2022

Bitcoin Miner Bitfarms Buys 1,000 BTC

The company’s purchase in January’s first week increased its bitcoin holdings by 30%.Nasdaq-listed bitcoin miner Bitfarms said Monday it purchased 1,000 BTC in the first week of January, an amount that increased the company’s bitcoin holdings by about 30%. The company said it now holds 4,300 BTC in its treasury.“Our guiding company strategy at Bitfarms is to accumulate the most Bitcoin...

Dec 03 2021

Most Public Bitcoin Miners Are Thriving

Five public miners produced a total of 1,475 bitcoin in November, worth nearly $80 million.The bitcoin mining industry is booming, and public miners are employing all their efforts to increase daily production and refrain from selling. Marathon Digital, Hut 8, Riot Blockchain, Bitfarms, and HIVE produced a combined total of 1,475 BTC in November, worth nearly $80 million at the time of...

Nov 11 2021

Bitfarms Enters US Bitcoin Mining Market With 24 MW Hydropower Farm

The bitcoin miner acquired its first property on American soil in a bid to reduce operating costs and increase margins.Bitfarms has acquired its first U.S. property, a 24 MW farm that kickstarts its presence in the American bitcoin mining market.“We prioritize locations with cost-effective electricity that allow for further growth and expansion,” its CEO said.In October, the miner...

Nov 09 2021

Why Bitfarms Chose Argentina For Mega Bitcoin Mining Farm: Details Revealed

Bitfarms, the Bitcoin mining company based in Canada, shared new details of the mega Bitcoin farm of $250 million investment they are building in Argentina. They revealed it is being built in the province of Cordoba because of an association with a private power plant that will bring cost reduction. Bitfarms, a company listed in Nasqad, became a unicorn last year after surpassing...

Oct 27 2021

Bitfarms Building Two New Farms Of 78 MW Capacity In Canada

The two farms are expected to accommodate 21,000 bitcoin mining rigs and generate over 2 EH/s.Bitfarms has started the construction of two new mining farms in Canada.“Both farms will benefit from our existing cost-effective contracts that supply green hydro power at an average cost of just $0.04 per kilowatt hour,” its CEO said.The company expects to house 21,000 rigs and...

Latin America, Tipping Point: Bitcoin Beach Brazil, Colombia ATMs, Mining Arg

Did we overestimate Latin America’s interest in Bitcoin and other cryptocurrencies? Even though the continent seems to need the technology the most, mainstream adoption feels so far away. The El Salvador experiment might change that, but it’s not a guarantee. And, so far, there are no major indicators that any other country is going to follow suit. Is it too early for this...

Oct 08 2021

Oct 07 2021

Bitcoin Miner Bitfarms Begins Construction Of 210 MW Farm

The bitcoin miner announced that it signed contracts and started constructing a 210 megawatt farm in Argentina.Toronto-based bitcoin miner Bitfarms has signed engineering, procurement, and construction contracts in Argentina to construct a new mining farm there.The company’s new mining operations in the South American country are expected to accommodate 55,000 new mining rigs.Bitfarms...

Aug 06 2021

Publicly-Traded Bitcoin Miners Continue To Outperform

Shares of publicly-traded bitcoin mining companies continue to outperform, with many of them up big this week.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now....

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