Bitfarms


Markets

Bitfarms Secures Up to $300M from Macquarie to Launch Panther Creek HPC Project

Initial $50M draw supports early-stage development; full $300M project-level facility to fund buildout of 500MW HPC site in Pennsylvania.

Bitfarms facility in Saint-Hyacinthe, Quebec, Canada.  (CoinDesk archives)

Finance

Bitcoin Miner Hive Digital to Buy Paraguay Site From Bitfarms for $85M

The acquisition of the site in Yguazú, Paraguay will increase the company's hashrate to 25 EH/s from 6 Eh/s by September.

A photo of four mining rigs

Markets

Crypto Stocks MicroStrategy, Coinbase and Marathon Post Just Modest Gains as Bitcoin Eyes Record High

A notable outperformer was bitcoin miner Bitfarms, which nominated a new board member amid its proxy battle with Riot Platforms.

Bitcoin price 10/29(CoinDesk)

Finance

Bitcoin Miner Bitfarms to Buy Rival Stronghold Digital for $175M in Stock, Debt

The deal comes weeks after Riot Platforms dropped a bid to buy Bitfarms, choosing to try and overhaul the company's board before pursuing a takoever again.

Stronghold Digital Mining CEO Greg Beard (right) and Co-Chairman Bill Spence (left).  (Stronghold Digital Mining)

Finance

Bitcoin Miner Riot Platforms Ditches Bitfarms Takeover Bid, Seeks to Overhaul Board

Riot is Bitfarms' largest shareholder, owning 14.9% of the firm.

(Arisa Chattasa, Unsplash)

Finance

Bitfarms Says Riot Bid 'Significantly Undervalues' Crypto Miner, Is Exploring Options

Bitfarms said it had received additional expressions of interests from other parties.

New and old bitcoin mining rigs at CleanSpark's site in Georgia.

Finance

Riot Plans Hostile Takeover of Bitfarms; Proposes $2.30 Per Share

Riot privately offered its proposal last month, with Bitfarms rejecting it.

A photo of four mining rigs

Finance

Bitcoin Miner Bitfarms Expands Operations in Paraguay After Securing 2 Hydropower Contracts

The company will be able to add up to 150 megawatts of energy capacity through the two agreements.

Bitcoin miners at work (Eliza Gkritsi/CoinDesk)

Videos

Bitfarms CFO on First Quarter Earnings, Bitcoin Mining Outlook

Bitfarms (BITF) accelerated its stated timeframe for reaching 6 exahash/second (EH/s) of computing power, as its per-share loss narrowed significantly quarter-on-quarter. Bitfarms CFO Jeffrey Lucas joins "All About Bitcoin" to discuss the miner's earnings in the first quarter and outlook on bitcoin mining.

Recent Videos

Finance

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.

(Eliza Gkritsi/CoinDesk)

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