CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

Bitfarms

Video

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.

By CoinDesk Staff

May 16, 2023 at 7:37 p.m. UTC

May 16, 2023

Bitfarmscdtvaab clipBitfJeffrey lucas

Finance

Bitfarms

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.

By Eliza Gkritsi

May 15, 2023 at 12:45 p.m. UTC

May 15, 2023

BitfarmsBitcoin MiningMining CentersCanada

Video

Coinbase

Crypto Makes Its Supreme Court Debut; Bitfarms Sinks to Fourth-Quarter Loss

Coinbase argued at the U S Supreme Court on Tuesday that its disputes over forcing customers into arbitration should freeze the courts while the arguments play out a moment that breaks legal ground for crypto with the industry’s first high court appearance Separately Bitcoin miner Bitfarms BITF dropped to a fourth quarter loss as the [...]

By CoinDesk Inc

Mar 21, 2023 at 7:42 p.m. UTC

Mar 21, 2023

CoinbaseBitfarmscdtvaab clipBitf

Finance

Bitfarms

Bitcoin Miner Bitfarms Sinks to Fourth-Quarter Loss as Difficulty, Costs Rise

Bitfarms is shooting for 6 exahash per second of computing power by the end of 2023, the same goal it had set, and missed, for 2022.

By Eliza Gkritsi

Mar 21, 2023 at 11:38 a.m. UTC

Mar 21, 2023

BitfarmsEarningsBitcoin MiningMining CentersCanada

Finance

Bitfarms

Bankrupt Crypto Lender BlockFi Takes Two-Thirds Loss to Settle Bitcoin Miner Bitfarms' Debt

The miner had recently warned it might stop paying off the debt to bankrupt BlockFi.

By Eliza Gkritsi

Feb 9, 2023 at 12:58 p.m. UTC

Feb 9, 2023

BitfarmsBlockFiDebtMining CentersBitcoin Mining

Video

Mining

Bitcoin Miner Bitfarms Warns of Default

Bitcoin miner Bitfarms BITF might have already or may in the future stop making installment payments on a 20 million loan from bankrupt crypto lender Block Fi effectively defaulting on the loan according to a press release As a result Bitfarms is looking to modify the loan The Hash panel breaks down the details of [...]

By CoinDesk Inc

Jan 13, 2023 at 5:57 p.m. UTC

Jan 13, 2023

MiningBlockFiBitfarmscdtvHash clipLoan

Finance

Bitfarms

Bitcoin Miner Bitfarms Warns of Default, Looks to Amend BlockFi Loan

The outstanding $20 million loan is secured by only $5 million in assets.

By Eliza Gkritsi

Jan 13, 2023 at 1:17 p.m. UTC

Jan 13, 2023

BitfarmsDebtLoansMiningBitcoin MiningWashington

Video

Bitfarms

Alameda-Linked Wallet Movement; Bitcoin Miner Bitfarms' CEO Resigns

On chain data cited by crypto research firm Arkham Intelligence suggested 1 7 million worth of tokens from Alameda linked wallets were sold in the open market over a span of several hours on Wednesday Plus Bitfarms BITF co founder and CEO Emiliano Grodzki stepped down from his position and former Chief Operating Officer Geoffrey [...]

By CoinDesk Inc

Dec 29, 2022 at 9:11 p.m. UTC

Dec 29, 2022

Bitfarmscdtvaab clipEmiliano GrodzkiGeoffrey MorphyArkham intelligenceAlameda