Bitcoin mining firm Bitfarms purchased 1,000 bitcoins worth $43.2 million during the first week of January.The purchase increased the publicly traded firm’s BTC holdings by 30% to over 4,300, Bitfarms announced Monday.Toronto-based Bitfarms took the opportunity offered by the crypto market’s recent dip to accumulate bitcoin at “the lowest cost and in the fastest amount of … [Read more...] about Bitfarms Bought $43.2M of Bitcoin in the First Week of January
Bitfarms
Bitfarms and Marathon Digital Both Mined Over 3K BTC in 2021
Bitfarms (BITF) and Marathon Digital (MARA), two of the largest publicly-traded bitcoin miners, each announced on Monday that they had mined over 3,000 bitcoin in 2021.Canadian-based Bitfarms produced 3,452 bitcoin for the year, while U.S.-based Marathon mined 3,197 bitcoin.Bitfarms’ total holdings grew to over 3,300 bitcoin as of the end of the year, worth $151.8 million … [Read more...] about Bitfarms and Marathon Digital Both Mined Over 3K BTC in 2021
Miner Bitfarms Raises $100M Bitcoin-Backed Loan With Galaxy Digital
“Our new $100 million BTC credit facility adds another component to our diversified financing strategy and contributes significant non-dilutive capital to fund our global growth initiatives, which include four farms with 298 Megawatts mining capacity under construction,” CFO Jeff Lucas said. Source link … [Read more...] about Miner Bitfarms Raises $100M Bitcoin-Backed Loan With Galaxy Digital
Bitfarms Mined 339 Bitcoin in November as Network Difficulty Increased
Mining company Bitfarms said it mined 339 bitcoins in November, down from 343 in October, as network difficult increased.The Nasdaq and Toronto Stock Exchange-listed firm reported Wednesday having mined 3,089 BTC in the first 11 months of the year.Bitfarm said it was able to maintain production levels due to the delivery and installation of mining equipment, driving a 16% … [Read more...] about Bitfarms Mined 339 Bitcoin in November as Network Difficulty Increased
Bitfarms Doubles Hash Rate to More Than 2 Exahash per Second
Bitfarms (BITF), the Canadian bitcoin miner, has doubled its mining power over the last eight months, the company said in a statement on Monday.The company has increased its hashrate to 2 EH/s at the same time when the Bitcoin network has grown about 12%, allowing it to gain a larger share of the network hashrate.“As we continue to execute on our expansion plans, we expect to … [Read more...] about Bitfarms Doubles Hash Rate to More Than 2 Exahash per Second