Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in North America. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada. It also undertakes hosting of third-party mining hardware. The company was founded in 2017 and is headquartered in Toronto, Canada.

Bitfarms Ltd.

Bitfarms Ltd is a global vertically integrated Bitcoin mining operation.

Bitfarms

Global vertically integrated #Bitcoin mining and data center operation.
Where Growth Meets Efficiency.
NASDAQ 🇺🇸 - TSX 🇨🇦: BITF

Galaxy Digital

Dominion Capital

DC BFL SPV

Bitfarms today issued a statement in response to Riot Platforms, Inc. Read an excerpt here:

“The upcoming special meeting is not about corporate governance, as Riot has repeatedly positioned it to be, but rather about Riot attempting to acquire Bitfarms at a discounted price for the benefit of Riot shareholders, not Bitfarms shareholders.”

To read the full statement, please see our press release: https://bit.ly/3MA7bNb

#Bitcoin #BITF

Bitfarms Provides August 2024 Production and Operations Update  
 
- Bitfarms to Acquire Stronghold Digital Mining, Increasing 2025 Energy Portfolio by 47%
- Earned 233 BTC in August 2024 & Increased HODL to 1,103 BTC
- Increased Operational Hashrate to 11.3 EH/s
- Announces Assumption of Control of Sharon, PA Site 

Press Release: https://bit.ly/3APJ9Lo 
 
#BITF #Bitcoin #BitcoinMining

🚧 Yguazu construction update! 

Venture inside one of our fast-growing data centers.

With 200 MW of hydropower contracted, everyone is working at a brisk pace towards electrification. 

#Bitcoin #Paraguay #BITF

Want to learn more about our recent agreement to acquire Stronghold Digital Mining?

👀CEO Ben Gagnon discusses the deal and more on @CNBC Crypto World https://cnb.cx/3X5wT0N

You can also see the full press release here: https://bit.ly/3yVvDFl

#Bitcoin #BTC #BITF

We are pleased to announce that Bitfarms has assumed control of its newest data center in Sharon, Pennsylvania. 
 
- Closed on 110 MW 
- 30 MW expected online by YE 2024 
- LOI signed for additional 10 MW 
 
To learn more, see the full details here: https://bit.ly/4fZmBIe 

#Bitcoin #BITF

Bitfarms’ definitive agreement to acquire Stronghold Digital opens up the possibility of disruptive and innovative HPC/AI/BTC data center structure. This arrangement could translate to strategic strength on CAPEX requirements, site economics and ROIC for HPC/AI infrastructure.

To learn more about our improved economics in HPC/AI management, see this week’s press release:  https://bit.ly/3yVvDFl 

#Bitcoin #AI #BITF

Bitfarms’ acquisition of Stronghold will create a short-term total potential power capacity of 307 MW, with a long-term total potential power capacity of 905 MW. Further, this will allow us to expand and rebalance our energy portfolio with 300+ MW of power based in the US. By year-end 2025, power generated in the US could represent nearly 50% of our total capacity. 

To learn more about how this agreement adds value to shareholders, see our press release here: https://bit.ly/3yVvDFl

#Bitcoin #BITF

Bitfarms has entered into a definitive agreement under which the Company will acquire 100% of the equity securities of Stronghold Digital Mining, Inc (NASDAQ: SDIG). This agreement would add significant value to shareholders, including:

- Provides Clear Path to 950 MW Active Power Capacity, with nearly 50% in the U.S., by YE 2025E 
- Adds 142 MW of Pennsylvania-New Jersey-Maryland (PJM) Interconnection Import Capacity with Long Term Expansion Potential up to 790 MW 
- Adds 4.0 Exahash (EH/s) to Bitfarms’ existing hashrate with expansion capacity up to 10 EH/s with Fleet Refresh 

CEO Ben Gagnon detailed more advantages in our Press Release: “By vertically integrating with power generation, expanding our energy trading capabilities, and securing two high potential sites for HPC/AI with significant multi-year expansion potential, we are executing on our strategy to diversify our company beyond Bitcoin mining to become better Bitcoin miners and create long-term shareholder value.” 

For more information, read the full Release: https://bit.ly/3yVvDFl

Be sure to listen to our conference call on Bitfarms’ acquisition agreement at 8:30 am.

👉 https://lnkd.in/eM-GD67k

For more details, see the full release here: https://bit.ly/3yVvDFl

#Bitfarms #BITF

We are pleased to announce that Bitfarms has entered into a definitive agreement to acquire Stronghold Digital Mining. This transaction is a decisive step in securing a strong future for Bitfarms – it is not only consistent with our strategy to diversify our access to power, but also significantly strengthens our U.S. presence. 
 
Stronghold brings to Bitfarms vertically integrated crypto asset mining operations and access to the strategically desirable PJM grid, the largest wholesale electricity market in the U.S. Looking ahead, Bitfarms remains on track to deliver our fully funded 2024 guidance and is poised to deliver the greatest hashrate growth and bottom line improvement in our company’s history with industry leading benchmarks.
 
Learn more here: https://bit.ly/3yVvDFl
 
#Bitcoin #BITF

COM:BITFARMS