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Jamie Crawley is a CoinDesk news reporter based in London.

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Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

Bitcoin mining firm Bitfarms purchased 1,000 bitcoins worth $43.2 million during the first week of January.

  • The purchase increased the publicly traded firm’s BTC holdings by 30% to over 4,300, Bitfarms announced Monday.
  • Toronto-based Bitfarms took the opportunity offered by the crypto market’s recent dip to accumulate bitcoin at “the lowest cost and in the fastest amount of time,” CEO Emiliano Grodzki said in the statement.
  • “With the dip in BTC while mining hardware prices remain high, we seized the opportunity to move cash into BTC,” he added.
  • Bitfarms announced last week that it had mined 3,452 bitcoins in all of 2021.

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Jamie Crawley is a CoinDesk news reporter based in London.


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Jamie Crawley is a CoinDesk news reporter based in London.