Bitcoin Miner Bitfarms Pays Down $27M of Debt
The miner is trying to improve its liquidity during the crypto bear market. Original Source
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Bitfarms
Bitfarms abre una operación en Argentina y aumenta el hashrate a 4,1 EH/s
“Gracias al atractivo precio de la electricidad acordado el año pasado bajo un contrato privado de ocho años, se espera que las dos instalaciones reduzcan los costos generales de energía de nuestro portfolio, a pesar de los aumentos de los productos básicos en el mercado”, afirmó en el comunicado Geoff
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Bitcoin Miner Bitfarms Starts Production in Argentina, Increases Hashrate to 4.1 EH/s
"With attractive electricity pricing established last year under an eight-year private party power contract, both facilities are expected to lower overall energy costs for our portfolio, despite rising commodity costs in the energy market," Geoff Morphy, president and chief operating officer of Bitfarms, said in the press release. Original Source
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Bitfarms Starts Bitcoin Megafarm Operations in Argentina – Mining Bitcoin News
Bitfarms, a global Bitcoin mining company, has started operations in its mining megafarm located in Argentina. The farm, launched on September 16, is currently generating 10 megawatts (MW) of mining power during the first phase and will scale operations to be fully operational next year. Bitfarms estimates it will contribute
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Miner Bitfarms Sold Almost Half Its Bitcoin to Reduce Debt
The miner sold 3,000 BTC in the past week to reduce its Galaxy credit facility. It also closed an NYDIG equipment-financing loan. Source
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Bitfarms Looks to Boost Liquidity With Sale of 1,500 Bitcoin, New Loan
Crypto miner Bitfarms (BITF) raised $34 million with the sale of 1,500 bitcoin (BTC), applying those funds to trim a credit-backed facility from Galaxy Digital (GLXY.TO) to $66 million from $100 million. Alongside, the company entered a new $37 million equipment financing deal with NYDIG. Original Source
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Bitfarms Worried About The Fall In Bitcoin Prices Amidst Its Investment Plan in Latam – Mining Bitcoin News
Bitfarms, a global bitcoin mining company, has told that the price of bitcoin, above all other elements, is one of the most important factors for the future of the industry. Damián Polla, Bitfarm’s Latam General Manager, stated that countries like Argentina, where Bitfarms is currency building a bitcoin mega-mining center,
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Bitcoin Miner Bitfarms Lowers Hashrate Outlook to 6 EH/s This Year
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Bitfarms Reports Q4 Revenue Growth of 33% to $60M, Along With Margin Expansion
Operating income in Q4 was $15 million, and net income was $10 million, or $0.05 per share. Adjusted EBITDA of $44 million, or 74% of revenue was up from $32M, or 71% of revenue in Q3. The company mined 1,045 bitcoin (BTC) in Q4 at an average price of $8,000
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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.In a Monday announcement, Bitfarms said it purchased 1,000 Bitcoin (BTC) for $43.2 million in the first week of January, roughly the same amount the company added
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