Tag: bitfarms

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...

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...

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...

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...

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...

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...

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....

Bitcoin mining company Bitfarms has shared bitcoin production updates, including energy usage and the company's strategic HODL mentality.Bitcoin miner Bitfarms has announced updates on its mining operations, including...

Toronto-based Bitcoin mining firm Bitfarms expects to begin trading under “BITF” on the Nasdaq stock market on June 21.Toronto-based Bitcoin mining business Bitfarms has announced that it will begin trading under the symbol “BITF” on Nasdaq on June 21. Common shares of the company have received DTC eligibility and it will retain its listing on the TSX Venture...

The partnership will expand both Foundry’s and Bitfarm’s operations, while boosting the hash rate share of North America.Bitfarms, an institutional bitcoin mining company, has partnered with Foundry USA Pool, in a partnership that will “Expand [Bitfarms’] Bitcoin Mining Fleet…Instantly Boosting Operating Hashrate By 15%,” according to a press release shared with Bitcoin Magazine today. Bitfarms...

Bitfarms was able to sell far few shares for the same amount of proceeds thanks to a 45% rise in its stock price in the last week.

Bitfarms announced the placement Sunday.

Bitfarm shares have soared 230% in December.