Bitcoin Miner Bitfarms Warns of Default, Looks to Amend BlockFi Loan
The outstanding $20 million loan is secured by only $5 million in assets.
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Jan 13, 2023 at 1:17 p.m. UTC
Jan 13, 2023
Bitfarms
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Alameda-Linked Wallet Movement; Bitcoin Miner Bitfarms' CEO Resigns
On-chain data cited by crypto research firm Arkham Intelligence suggested $1.7 million worth of tokens from Alameda-linked wallets were sold in the open market over a span of...
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Dec 29, 2022 at 9:11 p.m. UTC
Dec 29, 2022
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Bitcoin Miner Bitfarms' CEO Resigns and Is Replaced by COO
Emiliano Grodzki, the outgoing CEO, co-founded the Canadian company in 2017.
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Dec 29, 2022 at 2:43 p.m. UTC
Dec 29, 2022
Bitcoin Miner Bitfarms Pays Down $27M of Debt
The miner is trying to improve its liquidity during the crypto market downturn.
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Nov 14, 2022 at 5:52 p.m. UTC
Nov 14, 2022
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Bitcoin Miner Bitfarms Starts Production in Argentina, Increases Hashrate to 4.1 EH/s
The Canadian company plans to open a second mining site in the country, which has low electricity costs, next year.
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Sep 19, 2022 at 12:30 p.m. UTC
Sep 19, 2022
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Bitfarms Looks to Boost Liquidity With Sale of 1,500 Bitcoin, New Loan
The miner paid down a credit line from Galaxy Digital while inking new equipment financing from NYDIG.
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Jun 17, 2022 at 4:50 p.m. UTC
Jun 17, 2022
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Marathon’s Thiel Says Company Not for Sale, as M&A Chatter Picks Up Among Crypto Miners
CoinDesk spoke to the CEOs of Marathon Digital and Bitfarms at last week’s Bitcoin 2022 Conference.
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Apr 11, 2022 at 9:04 p.m. UTC
Apr 11, 2022
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Crypto Billionaire Wants to Tackle Bitcoin’s Environmental Impact
Ripple Co-Founder Chris Larsen is teaming up with climate activist groups such as the Greenpeace to launch the “Change the Code, Not the Climate” campaign, which aims to shift...
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Mar 29, 2022 at 3:46 p.m. UTC
Mar 29, 2022
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Bitfarms Reports Q4 Revenue Growth of 33% to $60M, Along With Margin Expansion
The miner booked full-year revenue of $169 million, up 383% versus 2021.
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Mar 28, 2022 at 2:16 p.m. UTC
Mar 28, 2022
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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...
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Mar 23, 2022 at 8:42 p.m. UTC
Mar 23, 2022