2 / 3 Relevant items tagged with #Bitfarms

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Bitcoin miner TeraWulf is open to merger but not for ‘empire building’

[Jul 7 7:45 PM] Expanding the number of Bitcoin machines or facilities “makes no sense” if profitability margins don’t increase, TeraWulf’s Kerri Langlais stressed.

Bitfarms mined 21% more Bitcoin in June amid Riot takeover attempts

[Jul 1 5:49 PM] Bitfarms increased its online hashrate to 10.4 exahashes per second in June, marking a 39% month-on-month increase.

Bitfarms adds board member to deter Riot Platforms takeover

[Jun 28 2:11 AM] Despite initially planning to buy all Bitfarms’ shares at $2.30 per share, Riot withdrew the offer, stating that cooperating with Bitfarms’ current board was difficult.

Bitcoin Miner Riot Platforms Ditches Bitfarms Takeover Bid, Seeks to Overhaul Board

[Jun 24 8:09 AM] Riot is Bitfarms' largest shareholder, owning 14.9% of the firm.

Bitfarms expands into Pennsylvania amid Riot’s growing stake

[Jun 14 2:11 AM] Bitfarms announces U.S. expansion in Pennsylvania, while Riot Platforms increases its ownership stake in the company to 14%.

Bitfarms pushes back against Riot’s $950M takeover attempt

[Jun 13 1:50 AM] Riot’s $950 million buyout offer is met with resistance as Bitfarms’ stakeholders and special committee deem it undervalued and not in shareholders’ best interests.

Riot acquires 13% Bitfarms stake as CEO decries ‘poison pill‘ strategy

[Jun 12 1:08 PM] Bitfarms’ stock price on the Nasdaq has increased more than 56% in the last 30 days amid Riot Platforms’ attempt at a takeover.

Bitfarms adopts shareholder rights plan as Riot attempts takeover

[Jun 10 12:03 PM] The plan, which passed after Bitfarms’ shareholder meeting, will complicate Riot’s effort but not necessarily stop it from succeeding.

Bitfarms Adopts Defensive Measures Against Riot Platforms’ Takeover

[Jun 10 10:17 AM] Bitfarms Ltd. has adopted a shareholder rights plan to protect the integrity of its ongoing Strategic Alternatives Review Process. This plan was unanimously approved by the Board and involves issuing rights to shareholders to prevent unwanted…

Bitfarms Sees 42% Revenue Drop in May Post-Bitcoin Halving

[Jun 3 10:35 PM] Bitfarms, a Bitcoin mining firm, reported a 42% drop in crypto mining revenue in May, the first full month following the Bitcoin halving in mid-April, which reduced their Bitcoin production from 263 BTC in April to 156 BTC in May. The company…

Halving full effect: Bitfarms crypto mining revenue falls 42% in May

[Jun 3 5:25 PM] The Bitcoin mining firm also blamed “unusually cold temperatures” at its Rio Cuarto facility in Argentina for the fall in Bitcoin production.

Bitfarms Says Riot Bid 'Significantly Undervalues' Crypto Miner, Is Exploring Options

[May 29 8:39 AM]

Riot Proposes Acquisition of Bitfarms to ‘Create the World’s Largest Publicly Listed Bitcoin Miner’

[May 28 5:11 PM] Riot Platforms has announced a proposal to acquire Bitfarms to create “the world’s largest publicly listed bitcoin miner.” This offer includes cash and Riot stock, representing a 24% premium. Despite the initial rejection from…

Riot Plans Hostile Takeover of Bitfarms; Proposes $2.30 Per Share

[May 28 8:26 AM] Bitfarms' shares were up nearly 6% at $2.13 as of 14:00 UTC following Riot's announcement.

Latam Insights: El Salvador Embraces Geothermal Bitcoin Mining, Bitfarms Expands Its Capacity in Paraguay

[May 19 9:10 PM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador produced nearly 474 bitcoin using geothermal energy, Bitfarms expanded the capacity of its…

Bitfarms Terminates CEO Geoffrey Morphy, Faces $27 Million Lawsuit

[May 15 6:25 PM] Bitfarms Ltd., a global bitcoin mining company, has announced the immediate termination of Geoffrey Morphy as president and CEO, along with his removal as a director. Following his dismissal, Morphy filed a lawsuit against the company, seeking $27…

Bitcoin Miner Bitfarms Enhances Paraguay Facility With New 100 MW Hydropower Deal

[May 14 11:30 AM] On Tuesday, bitcoin mining company Bitfarms, listed on the Nasdaq and Toronto Stock Exchange (TSX), announced it has secured an additional 100 megawatts (MW) of power from Paraguay’s state-owned utility firm, ANDE. The 100 MW is anticipated…

Bitcoin miner Bitfarms CEO to depart immediately in response to lawsuit

[May 13 10:00 AM] Nicolas Bonta, Bitfarms co-founder and chair, will take over as interim president and CEO after Geoffrey Morphy filed a lawsuit for $27 million in damages against the mining firm.

Bitcoin mining revenue hits post-halving yearly low

[May 6 2:16 AM] Daily revenue from Bitcoin mining dropped to under $3 million from the previous daily average of roughly $6 million in the first four months of 2024.

Bitcoin halving sees Bitfarms’ BTC mining earnings plummet

[May 2 2:22 AM] Bitfarms is actively working to triple its current hash rate capacity to 21 exahashes per second with a $240 million investment.

Latam Insights: Argentina’s Milei States Dollarization Is Close, Bitfarms Expands In Paraguay

[Jan 28 11:30 PM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentine President Javier Milei reiterates dollarization is near, Bitfarms announces a new site in…

Bitfarms Expands Mining Operations With New 100 MW Facility in Paraguay, Aiming for 21 EH/s Capacity by Year End

[Jan 24 4:00 PM] On Wednesday, Bitfarms, a bitcoin mining enterprise listed on the U.S. stock market, revealed the successful acquisition of a new site in Yguazu, Paraguay, earmarked for a 100 megawatt (MW) mining facility. This development is part of…

Bitcoin Mining Council Reveals Sustainable Growth: New Survey Sheds Light on Industry’s Power and Efficiency

[Aug 10, 2023 1:30 PM] In a recent report, the Bitcoin Mining Council (BMC) unveiled the results of its first half of 2023 survey, highlighting the industry’s strides in electricity consumption, technological efficiency, and sustainable power. Furthermore, the…

Hydro Expansion: Bitfarms Begins 50 MW Bitcoin Mining Farm Buildout in Paraguay

[Aug 7, 2023 2:30 PM] Bitfarms Ltd. has started development on a new 50-megawatt (MW) Bitcoin mining facility in Paraguay, the company announced on August 7, 2023. The farm will be located in Paso Pe near Bitfarms’ existing mining operations in Villarrica and is…

Latam Insights — Argentina Reaches IMF Agreement, Bitfarms to Open New Mining Operations in Paraguay

[Jul 25, 2023 5:30 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, Argentina reached a new agreement with the International Monetary Fund (IMF), Bitfarms will open two…

Bitcoin Miner Bitfarms Expands Operations in Paraguay After Securing 2 Hydropower Contracts

[Jul 19, 2023 10:30 AM] The company will be able to add up to 150 megawatts of energy capacity through the two agreements.

Bitcoin Miner Bitfarms Accelerates 6 EH/s Hashrate Target As Quarterly Loss Per Share Narrows

[May 15, 2023 6:45 AM] In Q1 2023, the bitcoin miner's net loss per share narrowed to 1 cent, from 8 cents the previous quarter.

Bitcoin Miner Bitdeer Technologies to List on Nasdaq via SPAC Deal

[Apr 13, 2023 1:30 AM] According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Bitdeer Technologies Holdings, a digital mining firm founded by crypto-billionaire Jihan Wu in 2018, plans to be listed on Nasdaq this Friday. The bitcoin mining…

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

[Mar 21, 2023 5:38 AM] 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.

Crypto stocks surge: Coinbase up 69%, MicroStrategy up 74% since lows

[Jan 17, 2023 8:14 PM] Crypto-related stocks, ETFs and tokens have all surged in price so far in 2023 despite experts expecting the Federal Reserve to continue hiking interest rates.