Tag: Bitfarms
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 [...]
Nasdaq warns Bitcoin mining firm Bitfarms about share price deficiency
The Canadian Bitcoin (BTC) mining firm Bitfarms is facing compliance challenges over its listing on Nasdaq due to the ongoing cryptocurrency winter.Bi [...]
Bitcoin Miner Bitfarms Pays Down $27M of Debt
The miner is trying to improve its liquidity during the crypto bear market.
www.coindesk.com [...]
Bitfarms abre una operación en Argentina y aumenta el hashrate a 4,1 EH/s
“Gracias al atractivo precio de la electricidad acordado el año pasado bajo un contrato privado de ocho años, se espera que las dos instalaciones redu [...]
Bitcoin Miner Bitfarms Starts Production in Argentina, Increases Hashrate to 4.1 EH/s
"With attractive electricity pricing established last year under an 8-year private party power contract, both facilities are expected to lower overall [...]
Bitfarms sold 3K Bitcoin as part of strategy to improve liquidity and pay debts
Canadian crypto mining firm Bitfarms sold roughly $62 million worth of Bitcoin (BTC) in June, using the proceeds from the sale to reduce its debt.In a [...]
Miner Bitfarms Sold Almost Half Its Bitcoin to Reduce Debt
The miner sold 3,000 BTC in the past week to reduce its Galaxy credit facility. It also closed an NYDIG equipment-financing loan.
www.coindesk.com [...]