“Gracias al atractivo precio de la electricidad acordado el año pasado bajo un contrato privado de ocho años, se espera que las dos instalaciones reduzcan los costos generales de energía de nuestro po...
Tag: Bitfarms
Bitcoin Mining Company Bitfarms Kickstarts Megafarm Operations In Argentina
Bitfarms’ megafarm Bitcoin facility situated in Argentina is now online and already contributing to the overall hashrate of the Bitcoin network. This after the farm, which started its construction on ...
Bitfarms Starts Bitcoin Megafarm Operations in Argentina – Mining Bitcoin News
Bitfarms, a global Bitcoin mining company, has started operations in its mining megafarm located in Argentina. The farm, launched on September 16, is currently generating 10 megawatts (MW) of mining p...
Bitcoin Miner, Bitfarms Reported High Increase in Miner Revenues
Public bitcoin miners are having a hard time over a couple of months since Bitcoin has dropped under the $30K mark. The digital asset market is on a downfall over the last few months which has severel...
Bitfarms mined 6.8% more bitcoin in August
Bitcoin miner Bitfarms mined 534 BTC in August — a 6.8% increase from the previous month — while increasing its hashrate by 1% to 3.9 exahashes per second (EH/s). The company is close to completing th...
Bitfarms Reports Higher BTC Production Following Increase In Miner Revenues
Public bitcoin miners have had a difficult couple of months since the price of bitcoin dropped below the $30 level. The digital asset’s mining revenues had plummeted with the price and had brought dow...
Why A Lower Carbon Footprint Won’t Save Cryptocurrencies
“Red hot” Ethereum. Its switch from a proof-of-work blockchain to a proof-of-stake is supposed to … [+] greatly reduce energy use. Other blockchains are already there, but investors ...
Bitcoin miner Bitfarms reports $142 million second-quarter net loss
Bitcoin miner Bitfarms posted a net loss of $142 million in the second quarter, down from a net income of $5 million last quarter. The company also increased its hash rate by 33% during the quarter to...
Bitcoin Miner Bitfarms Posts $142M Loss in Q2 as Rising Energy Prices Bite
Publicly traded Bitcoin mining company Bitfarms saw a $142 million net loss in the second quarter, the company reported today. During the quarter, Quebec-based Bitfarms sold 3,357 Bitcoin for $69.3 mi...
BTC Miner Bitfarms’ Energy Capacity Touches 21% in July
Bitfarms’ energy capacity increased to 21% in July from June 30. The Bitcoin miner’s increase in energy capacity reached 166 megawatts following the firm’s completion of the second c...
Bitfarms Adds 18 MW of Capacity to ‘The Bunker’ — Miner’s Daily Production Taps 16.8 BTC per Day – Coinotizia
On July 28, the bitcoin mining company Bitfarms announced the completion of the second phase of its facility expansion, by adding roughly 18 megawatts (MW) of capacity to the operation. The mining fac...
Bitfarms Adds 18 MW of Capacity to ‘The Bunker’ — Miner’s Daily Production Taps 16.8 BTC per Day – Mining Bitcoin News
On July 28, the bitcoin mining company Bitfarms announced the completion of the second phase of its facility expansion, by adding roughly 18 megawatts (MW) of capacity to the operation. The mining fac...
Bitfarms’ bitcoin mining revenue fell roughly 40% in June
Bitfarms saw its bitcoin mining revenue fall by nearly 40% in June compared to the previous month, while Bitcoin lost about a third of its value. Mining revenues are based on current Bitcoin prices, w...
How is Bitfarms holding up amidst the market crash?
Bitcoin miner giant Bitfarms has also seemed to get affected due to the market crash, just like other crypto firms. From top cryptocurrencies to top crypto firms, the recent market crash has end...
Bitfarms gives up 3,000 BTC to pay down $100 million loan from Galaxy Digital
Bitcoin miner Bitfarms paid down a $100 million bitcoin-backed loan with the sale of 3,000 BTC in the last week while securing an additional $37 million facility collateralized by mining machines. The...
Bitfarms Sells 3,000 BTC to Help With Liquidity Amid Market Downturn
Canadian crypto mining giant Bitfarms has reneged on its hodling strategy and is instead selling 3,000 bitcoins for $62 million amid a recent market rout squeezing miners’ profitability. The CFO of Bi...
Crypto Mining Giant Bitfarms Sells 3,000 BTC And Adjusts Its HODL Strategy
On June 21, Bitfarms, an Argentinean cryptocurrency mining company operating in Canada, announced an adjustment to its HODL strategy so as to improve the company’s liquidity. According to a press rele...
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 Tuesday announcement, Bitfarms said it had sold ...
Bitcoin mining stock Bitfarms updates its ‘HODL Strategy’
Bitcoin mining company Bitfarms Ltd. (NASDAQ: BITF) is changing its HODLing as it looks to “improve liquidity and strengthen its balance sheet.” The Toronto-based miner announced this via a press rele...
Bitcoin Mining Company Bitfarms sells 3000 BTC And Falling Prices Makes Miners Rampantly sell GPUs
– Advertisement – Bitfarms sells 3000 BTC as Miners are Rampantly selling GPUs. It’s been a busy week for the global Bitcoin self-mining company, Bitfarm, which has sold 3,000 Bitcoin ...
Bitcoin Miner Bitfarms Confirms 3,000 BTC Sale and Less HODL
Nasdaq-listed Bitcoin mining company Bitfarms has confirmed the sale of approximately 3,000 BTC (appr. $62 million), making it the latest mining firm to announce the sale of mined bitcoins in the wake...
Bitfarms Sells 1500 BTC Goes for New Loan to Boost Liquidity
Bitfarms Ltd, a global Bitcoin self-mining company headquartered in Canada, announced on Friday that it entered into an equipment financing agreement to stabilize its financials amid the plunge in cry...
Bitfarms Worried About The Fall In Bitcoin Prices Amidst Its Investment Plan in Latam – Mining Bitcoin News
Bitfarms, a global bitcoin mining company, has told that the price of bitcoin, above all other elements, is one of the most important factors for the future of the industry. Damián Polla, Bitfarm’s La...
Bitcoin miner Bitfarms scales back growth plans for 2022
Canada-based bitcoin miner Bitfarms reported a net income of $5 million in the first quarter of 2022, down by about 50% from the previous quarter. The firm also said during its earnings call on Monday...
Bitfarms Records $40m in Total Revenue and 900 BTC Mined in Q1 2022
Bitfarms Ltd, a Canadian Bitcoin mining company, announced its financial results for the first quarter ended March 31, 2022. Bitfarms said on Monday that it has mined 961 Bitcoin (BTC) at an average c...
Bitcoin Miner Bitfarms Lowers Hashrate Outlook to 6 EH/s This Year
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BitFarms: mining from the inside
Many large Bitcoin miners are already very successful in limiting, or even neutralizing, their emissions. For example, Bitfarms controls 1.5 percent of the hashing power in the network and runs 99 per...
Bitfarms Reports $217 Million Worth of BTC in Holdings with 405 Bitcoin Mined in April
Tomiwabold Olajide Bitfarms stated that it now has 5,646 BTC in custody, as of April 30, 2022 Bitcoin self-mining company Bitfarms recently released its Bitcoin production and mining operations update...
Bitfarms mining chief explains key differences
Amid Bitcoin (BTC) mining stocks such as Hut 8 Mining touching multi-month lows, a major industry executive has outlined key differences between BTC investment and investing in BTC-linked stocks. Ben ...