Bitfarms Worried About The Fall In Bitcoin Prices Amidst Its Investment Plan ...
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 Latam General Manager, stated that countries like Argentina, where Bitfarms is currency building a bitcoin mega-mining center, were a very good destiny for bitcoin mining companies due to different factors. Falling Bitcoin Prices Constitute a Challenge Bitcoin mining companies are starting to feel the effects of the deceleration of the price of bitcoin in crypto markets.....
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Global bitcoin mining company Bitfarms has bought the dip and added 1,000 bitcoins to its balance sheet while the prices of mining hardware remain high. The company’s corporate treasury now holds more than 4,300 bitcoins.
Mining Company Buys the Dip
Bitfarms Ltd. has taken advantage of the falling price of bitcoin. The publicly traded bitcoin mining company announced Monday that it has purchased 1,000 BTC for its treasury. The announcement details:
During the first week of January 2022, Bitfarms purchased 1,000 BTC for US$43.2 million. This increased the BTC holdings....
Bitfarms, the Bitcoin mining company based in Canada, shared new details of the mega Bitcoin farm of $250 million investment they are building in Argentina. They revealed it is being built in the province of Cordoba because of an association with a private power plant that will bring cost reduction. Bitfarms, a company listed in […]
The publicly listed Canadian bitcoin mining operation Bitfarms has announced the firm is purchasing 48,000 Microbt Whatsminer mining rigs in order to expand capacity. Bitfarms highlights the acquisition of new miners will up the company’s hashpower by approximately 5 exahash per second (EH/s). Bitfarms to Acquire 48,000 High-Powered Bitcoin Miners from Microbt The Canadian bitcoin (BTC) mining company Bitfarms (TSXV:BITF, OTC:BFARF) announced on Tuesday the company has entered an agreement where it plans to purchase 48,000 mining rigs manufactured by Microbt. The China-based firm....
Bitcoin miner Bitfarms has announced plans to pull back on Bitcoin mining in the coming two years and pivot toward AI-compute centers. Bitfarms CEO Says Pivot To AI-Compute Business Could Out-Earn Bitcoin Mining In a press release, Bitcoin mining company Bitfarms has revealed plans to convert one of its facilities to support High-Performance Computing (HPC)/Artificial […]
Bitfarms boost its mining power by 360 PH with the new lease, set to run for 24 months.