Bitfarms

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Consensus Magazine (layer2)

The Future of Mining Finance: Time to Get Creative

To finance mining rigs in a down market, firms will have to look beyond stock issuance. They may have to borrow against their machines or mined crypto or put themselves up for...

(Wikimedia Commons)

By Aoyon Ashraf

Mar 23, 2022 at 8:42 p.m. UTC

Mar 23, 2022

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A bitcoin mining farm (Marko Ahtisaari/Flickr)

Markets

Valkyrie Bitcoin Miners ETF Approved for Nasdaq Listing

The fund will begin trading tomorrow under the ticker “WGMI" and has an expense ratio of 0.75%.

A bitcoin mining farm (Marko Ahtisaari/Flickr)

By Aoyon Ashraf

Feb 7, 2022 at 6:18 p.m. UTC

Feb 7, 2022

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Crypto mining rig

Finance

Bitfarms Bought $43.2M of Bitcoin in the First Week of January

The purchase increased the publicly traded firm’s BTC holdings by 30% to over 4,300.

Crypto mining rig

By Jamie Crawley

Jan 10, 2022 at 12:27 p.m. UTC

Jan 10, 2022

A technician monitors cryptocurrency mining rigs at a Bitfarms facility in Saint-Hyacinthe, Quebec.

Finance

Bitfarms and Marathon Digital Both Mined Over 3K BTC in 2021

The two publicly traded miners also held onto almost all the bitcoin they mined.

A technician monitors cryptocurrency mining rigs at a Bitfarms facility in Saint-Hyacinthe, Quebec.

Jan 3, 2022 at 11:24 p.m. UTC

Jan 3, 2022

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A crypto mining rig

Finance

Miner Bitfarms Raises $100M Bitcoin-Backed Loan From Galaxy Digital

The miner has already made an initial $60 million drawdown with a six-month term at an interest rate of 10.75%.

A crypto mining rig

By Aoyon Ashraf

Dec 31, 2021 at 2:46 p.m. UTC

Dec 31, 2021

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(Shutterstock)

Finance

Bitfarms Mined 339 Bitcoin in November as Network Difficulty Increased

Bitfarms attributed the performance to new mining equipment driving a 16% increase in the hashrate.

(Shutterstock)

By Jamie Crawley

Dec 1, 2021 at 12:45 p.m. UTC

Dec 1, 2021

Cryptocurrency mining rigs sit on racks at a Bitfarms facility in Saint-Hyacinthe, Quebec, Canada.

Finance

Bitfarms Doubles Hashrate to More Than 2 EH/s

Bitcoin miner Bitfarms has received and installed 1,500 S19j Pro miners so far in November.

Cryptocurrency mining rigs sit on racks at a Bitfarms facility in Saint-Hyacinthe, Quebec, Canada.

By Aoyon Ashraf

Nov 15, 2021 at 2:11 p.m. UTC

Nov 15, 2021

A technician monitors cryptocurrency mining rigs at a Bitfarms facility in Saint-Hyacinthe, Quebec.

Finance

Bitfarms Buys 24MW Crypto Mining Facility in Washington State for $26M

The bitcoin miner plans to run approximately 6,200 Bitmain S19j Pro miners in the new hydro-powered facility, with potential capacity of 620 PH/s mining power.

A technician monitors cryptocurrency mining rigs at a Bitfarms facility in Saint-Hyacinthe, Quebec.

By Aoyon Ashraf

Nov 11, 2021 at 5:15 p.m. UTC

Nov 11, 2021

BitfarmsMiningU.S.

Canadian Bitcoin Miner Bitfarms Will Soon Be Listed on the Nasdaq

Finance

Bitfarms Hits Record High Hashrate in October and Forecasts Additional Growth

The Canadian miner expects to expand its bitcoin mining power by 11% in November, after achieving 1.8 EH/s in October.

Canadian Bitcoin Miner Bitfarms Will Soon Be Listed on the Nasdaq

By Aoyon Ashraf

Nov 1, 2021 at 9:53 p.m. UTC

Nov 1, 2021

MiningBitcoinBitfarmsCanada

Canadian Bitcoin Miner Bitfarms Will Soon Be Listed on the Nasdaq

Finance

Bitfarms to Expand Production Facilities to Add 2.1 EH/s of Mining Power

The miner will add 78 megawatts of capacity utilizing its current hydro power contract.

Canadian Bitcoin Miner Bitfarms Will Soon Be Listed on the Nasdaq

By Aoyon Ashraf

Oct 27, 2021 at 7:19 p.m. UTC

Oct 27, 2021

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