Tag: Bitfarms
Bitcoin miner Bitfarms secures up to $300M loan from Macquarie
Bitfarms, a global computer infrastructure company known for its Bitcoin mining operations, has entered into a $300 million loan agreement with Macqua [...]
Bitcoin Price (BTC) Gain Gives Small Boost to Cryptocurrency-Related Stocks
Perhaps having discounted some of the bitcoin rally with strong gains over recent days, crypto stocks for the most part aren't posting major advances [...]
Bitcoin Miner Bitfarms to Buy Rival Stronghold Digital for $175M in Stock, Debt
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Bitcoin Miner Riot Platforms (RIOT) Ditches Bitfarms (BITF) Takeover, Seeks to Overhaul Board
Riot, which became Bitfarms' largest shareholder and owns 14.9% of the company, called for a special meeting to remove Bitfarms' Chairman and interim [...]
Riot (RIOT) Takeover Proposal “Significantly Undervalues” Bitfarms (BITF), Crypto Miner Says
A committee of the board considering the approach "determined it significantly undervalues the company and its growth prospects," the Toronto-based fi [...]
Riot Plans Hostile Takeover of Bitfarms; Proposes $2.30 Per Share
Bitfarms' shares were up nearly 6% at $2.13 as of 14:00 UTC following Riot's announcement.
www.coindesk.com [...]
Bitfarms increases mining pace, generates 411 BTC in September
The Canadian Bitcoin (BTC) mining firm Bitfarms has been actively scaling operations, significantly increasing the amount of mined BTC last month.Bitf [...]
Bitcoin Miner Bitfarms Expands Operations in Paraguay After Securing 2 Hydropower Contracts
“Paraguay has access to an abundance of surplus renewable power, and these acquisitions secure valuable, yet limited, sustainable energy contracts whi [...]
Bitcoin Miner Bitfarms Accelerates 6 EH/s Hashrate Target As Quarterly Loss Per Share Narrows
In Q1 2023, the bitcoin miner's net loss per share narrowed to 1 cent, from 8 cents the previous quarter.
www.coindesk.com [...]
Bitcoin Miner Bitfarms Sinks to Fourth-Quarter Loss as Difficulty, Costs Rise
Bitfarms is shooting for 6 exahash per second of computing power by the end of 2023, the same goal it had set and missed for 2022.
www.coindesk.com [...]
Bitfarms settles outstanding loan with BlockFi for $7.75M
Bitcoin (BTC) miner Bitfarms has settled its debt obligations with BlockFi, closing the chapter on its short relationship with the bankrupt cryptocurr [...]
Bankrupt Crypto Lender BlockFi Takes Two-Thirds Haircut to Settle Bitcoin Miner Bitfarms’ Debt
“Lowering our debt nearly 85% from a high of $165 million in June 2022 to $25 million today has significantly decreased principal and interest obligat [...]
Bitfarms seeks to modify loan facility with BlockFi as bear market drags on
Bitcoin (BTC) mining company Bitfarms has unveiled plans to modify an existing loan agreement with BlockFi — a move the company said would reduce its [...]
Bitcoin Miner Bitfarms Looks to Amend BlockFi Loan, Warns of Default
The outsanding $20 million are secured by only $5 million.
www.coindesk.com [...]
Bitcoin Miner Bitfarms Appoints Its Chief Operating Officer Geoffrey Morphy as New Boss After CEO Resigns
"In a little over two years, Geoff helped transform Bitfarms from a purely Canadian company trading on the TSX Venture Exchange with five farms in Que [...]