Global #Bitfarms

Bitfarms' stock dropped nearly 18% after the company announced plans to completely shut down its Bitcoin (BTC) mining operations over the next two years and convert them into high-compute data centers for Artificial Intelligence (AI).

On Thursday, September 11th, many crypto-related stocks, including Galaxy Digital (GLXY), Circle Internet (CRCL), and Bitfarms (BITF), saw significant gains, with some experiencing double-digit percentage increases. This

On September 23, 2024, Riot Platforms announced a settlement agreement with Bitfarms Ltd., effectively concluding Riot’s unsolicited bid to acquire the company.

Bitcoin mining company Riot Platforms has increased its stake in competitor Bitfarms to nearly 18.9% by purchasing an additional 1 million shares.

On August 11, 2024, Bitcoin mining revenue hit a new yearly low, falling to $2.54 million. This marks the lowest daily earnings for Bitcoin miners since October 2023.

Bitfarms, a prominent Bitcoin mining company, has announced a notable 34% month-on-month (MoM) increase in earnings for July, attributing the growth to significant upgrades and expansion of its mining operations.

The recent decline in Bitcoin's price has sent shockwaves throughout the cryptocurrency mining industry, with a new report indicating that only five mining companies are currently operating profitably.

Leading Bitcoin mining company, Bitfarms, has announced a significant increase in its Bitcoin production for June, following a comprehensive upgrade to its mining infrastructure.

Bitfarms, a publicly traded Bitcoin mining company, is at the forefront of the global decentralized financial economy. Established in 2017 and based in Toronto, Canada, Bitfarms stands out by leveraging hydroelectric power for its blockchain computing centers, demonstrating a commitment to environmentally conscious Bitcoin mining.

In a dramatic turn of events in the cryptocurrency mining industry, Bitfarms Ltd. has announced a comprehensive defense plan to counter the ongoing hostile takeover bid by rival Riot Blockchain Inc. The move comes as Bitfarms seeks to maintain its independence and protect shareholder value amid escalating pressure from Riot.

Bitfarms Ltd. (BITF), the Canadian cryptocurrency mining company, is seeing a quiet trading day on Monday, June 10th, 2024. As of this writing (10:25 PM PST), the stock price sits at CA$3.30, unchanged from the opening price.This follows a week of positive momentum for Bitfarms.

In May, Stronghold Digital Mining experienced a significant decrease in its monthly Bitcoin mining output, with a decline of 47.1% compared to April. During May, the company mined 82 BTC, contrasting with the 155 BTC mined in April. Similarly, revenues for May dropped by 46% to $5.2 million compared to the previous month.