Tag: bitfarms

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....

Aug 05 2021

Bitcoin Miner Bitfarms Mined 391 BTC In July With 99% Clean Energy

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...

Jun 18 2021

Jun 17 2021

Bitcoin Mining Firm Bitfarms To Be Traded On Nasdaq

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...

Apr 23 2021

Bitfarms To Join Foundry USA Pool, Will Boost Mining Performance Up To 15%

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...

Jan 14 2021

Bitfarms Closes Its Second $15M Private Placement in a Week

Jan 14 2021 Published at CoinDesk under tags  bitcoin mining bitfarms markets news

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.

Jan 07 2021

Bitcoin Miner Bitfarms Closes $15M Brokered Private Placement

Jan 07 2021 Published at CoinDesk under tags  bitcoin mining bitfarms markets news

Bitfarms announced the placement Sunday.

Dec 22 2020

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