Bitfarms: A Race Against Time

Jul 27, 2020 at 3:16 p.m. UTC
Updated Aug 23, 2021 at 8:48 p.m. UTC

CoinDesk Research presents an analysis of Bitfarms, a publicly listed bitcoin mining company that has quickly grown its inventory of mining equipment through the use of high-interest rate debt. In this report, we evaluate Bitfarms’ financial position and its ability to make due on its upcoming debt obligations.

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