Bitfarms Financial News

02.08 / 16:04

markets UPS BTC Bitcoin reports Bitfarms Bitcoin Miner Bitfarms Sees 34% Monthly Earnings Boost from Fleet Upgrades and Expansion

Bitfarms, a global vertically integrated Bitcoin mining company, has reported a 34% month-on-month (MoM) increase in earnings in its recent production report. The increase is primarily attributed to recent fleet upgrades and expansion.

25.07 / 23:53

CEO Platform Strategy Bitcoin Bitfarms rights Riot Platforms Bitfarms Adopts New ‘Poison Pill’ Strategy After Tribunal Sides with Rival Riot Platforms

Bitfarms, a prominent Bitcoin mining firm, has adopted a new ‘poison pill’ strategy following the Ontario Capital Markets Tribunal’s termination of its initial plan to fend off a hostile takeover attempt by rival Riot Platforms.

25.07 / 07:04

BLOCK Platform Strategy Bitcoin prevention Bitfarms Riot Platforms Canadian Tribunal Strikes Down Bitfarms’ Poison Pill Against Riot Platforms

Bitcoin miner Riot Platforms said Wednesday that a Canadian tribunal terminated Bitfarms’ “poison pill” strategy to block its acquisition. It means Bitfarms can no longer use this tactic to prevent a hostile takeover.

13.07 / 12:05

BLOCK CEO Platform Strategy Bitfarms rights Riot Platforms Riot Platforms Launches Website to Advocate for Bitfarms Board Overhaul

Riot Platforms, a leading Bitcoin mining company, has launched a dedicated website to inform shareholders about corporate governance issues at Bitfarms and Riot’s plans to reconstitute the board. This move is part of Riot’s decisive strategy to advance its acquisition of Bitfarms, marking a significant shift in their approach.

12.07 / 15:27

Bitfarms Riot Platforms Bitfarms Mined 189 BTC in June, Up 21%, Amid Hostile Takeover Attempt from Riot Platforms

Bitfarms, a prominent Bitcoin mining company, reported a significant increase in Bitcoin (BTC) production for June 2024. This growth comes amid efforts to fend off a hostile takeover attempt by Riot Platforms.

28.06 / 14:31

Blockchain FIVE Platform Experts Bitcoin Bitfarms Riot Platforms Bitfarms Appoints Independent Board Member Amid Riot Platform’s Push for Director Replacements

In an unexpected move, Bitfarms announced the appointment of Fanny Philip as an independent board member amidst an ongoing conflict with Riot Platforms.

25.06 / 01:43

Maxim Progressive Platform Bitcoin Bitfarms rights Riot Platforms Riot Nominates Three Independent Directors to Bitfarms Board Amid Takeover Effort

Riot Platforms officially requisitioned a special June 24 meeting of shareholders of Bitfarms, a leading crypto mining company specializing in Bitcoin (BTC). The initiative is intended to replace the current Bitfarms Board of Directors, which Riot alleges has failed in its corporate governance duties and maximizing shareholder value.

14.06 / 17:01

Bitfarms Riot Platforms Bitfarms Expands to Pennsylvania as Riot Platforms Increases Ownership Stake to 14%

Bitfarms Ltd., a leading crypto mining company specializing in Bitcoin (BTC), has announced plans to expand its operations to Sharon, Pennsylvania, and secured a significant agreement to develop a new mining facility. This strategic move comes as Riot Platforms increases its ownership stake in Bitfarms to 14%.

29.05 / 22:43

UPS CEO Platform Bitcoin reports Bitfarms Riot Platforms Bitfarms Rejected $950 Million Riot Platforms’ Acquisition Proposal, Citing Undervaluation

Bitfarms, a global Bitcoin mining company, confirmed on May 28 that it received and rejected an acquisition proposal from Riot Platforms on April 22, 2024.

29.05 / 08:25

Mining Bitfarms Riot Platforms stake Riot Platforms Buys 9.25% Stake in Bitfarms After Rejected Takeover Offer

Riot Platforms has acquired a 9.25% stake in Bitfarms after its takeover offer was rejected.

13.05 / 19:59

Bitcoin Bitfarms BTC Miners Bitfarms Fires CEO Geoffrey Morphy Following $27 Million Lawsuit

Bitfarms ousted its CEO Geoffrey Morphy on May 13 after he filed a $27 million lawsuit against the company.

02.10 / 19:57

Mining Bitcoin Hashrate Bitfarms Bitfarms Mines 411 BTC in September, Increases Hashrate by 9%

Canadian Bitcoin (BTC) mining firm has increased its production capacity this year with eyes locked on better opportunities hinged on the upcoming BTC halving.

02.10 / 13:25

business Hash Rate Bitcoin Halving Bitcoin Bitcoin Price Bitfarms Bitfarms increases mining pace, generates 411 BTC in September

The Canadian Bitcoin (BTC) mining firm Bitfarms has been actively scaling operations, significantly increasing the amount of mined BTC last month.

21.08 / 00:17

COST UPS BTC Bitcoin TSX Bitfarms Bitcoin Miner Bitcoin Miner Bitfarms Mined 1,223 BTC but with $25 Million Net Loss in Q2 2023

Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a vertically integrated global bitcoin company, has released its financial results for the second quarter ended June 30, 2023.

09.02 / 19:59

business Mining Loans Bankruptcy Bitfarms Bitfarms settles outstanding loan with BlockFi for $7.75M

Bitcoin (BTC) miner Bitfarms has settled its debt obligations with BlockFi, closing the chapter on its short relationship with the bankrupt cryptocurrency lender.

13.01 / 23:21

business Mining Loans Bitfarms Bitfarms seeks to modify loan facility with BlockFi as bear market drags on

Bitcoin (BTC) mining company Bitfarms has unveiled plans to modify an existing loan agreement with BlockFi — a move the company said would reduce its indebtedness amid the bear market.

14.12 / 17:51

business NASDAQ Bitcoin Bitfarms share price Nasdaq warns Bitcoin mining firm Bitfarms about share price deficiency

The Canadian Bitcoin (BTC) mining firm Bitfarms is facing compliance challenges over its listing on Nasdaq due to the ongoing cryptocurrency winter.

02.08 / 13:17

BTC Digital NYDIG Bitcoin Bitfarms BTC Miner Bitfarms' Energy Capacity Touches 21% in July

Bitfarms' energy capacity increased to 21% in July from June 30.

21.06 / 20:31

business Mining Loans Bitcoin Bitfarms Bitfarms sold 3K Bitcoin as part of strategy to improve liquidity and pay debts

Canadian crypto mining firm Bitfarms sold roughly $62 million worth of Bitcoin (BTC) in June, using the proceeds from the sale to reduce its debt.

26.04 / 17:39

business Adoption Investments Bitcoin Bitfarms Bitcoin vs BTC miner stocks: Bitfarms mining chief explains key differences

Amid Bitcoin (BTC) mining stocks like Hut 8 Mining touching multi-month lows, a major industry executive has outlined key differences between BTC investment and investing in BTC-linked stocks.

10.01 / 20:49

business Mining Bitcoin Bitfarms Bitfarms purchased more than $43M in Bitcoin to start the new year

Canadian crypto mining firm Bitfarms has already bought 1,000 Bitcoin in 2022, making its total holdings of the crypto asset more than $177 million.

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