Bitfarms

Fans help the flow of air so that Bitfarms mining rigs can stay cool. (Eliza Gkritsi/CoinDesk)
Bitcoin Miner Bitfarms Pays Down $27M of Debt
The miner is trying to improve its liquidity during the crypto market downturn.
Fans help the flow of air so that Bitfarms mining rigs can stay cool. (Eliza Gkritsi/CoinDesk)

A Bitfarms employee inspects bitcoin mining hardware. (Aoyon Ashraf/CoinDesk)
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.
A Bitfarms employee inspects bitcoin mining hardware. (Aoyon Ashraf/CoinDesk)

(Sharon McCutcheon/Unsplash)
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.
(Sharon McCutcheon/Unsplash)

Rows dedicated to miners at the Bitcoin 2022 Conference in Miami. (Aoyon Ashraf/CoinDesk)
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.
Rows dedicated to miners at the Bitcoin 2022 Conference in Miami. (Aoyon Ashraf/CoinDesk)

Crypto Billionaire Wants to Tackle Bitcoin's Environmental Impact
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...
Crypto Billionaire Wants to Tackle Bitcoin's Environmental Impact

(Aoyon Ashraf)
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.
(Aoyon Ashraf)

(Wikimedia Commons)
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...
(Wikimedia Commons)

A bitcoin mining farm (Marko Ahtisaari/Flickr)
Valkyrie Bitcoin Miners ETF Approved for Nasdaq Listing
The fund will begin trading tomorrow under the ticker “WGMI" and has an expense ratio of 0.75%.
A bitcoin mining farm (Marko Ahtisaari/Flickr)

Crypto mining rig
Bitfarms Bought $43.2M of Bitcoin in the First Week of January
The purchase increased the publicly traded firm’s BTC holdings by 30% to over 4,300.
Crypto mining rig

A technician monitors cryptocurrency mining rigs at a Bitfarms facility in Saint-Hyacinthe, Quebec.
Bitfarms and Marathon Digital Both Mined Over 3K BTC in 2021
The two publicly traded miners also held onto almost all the bitcoin they mined.
A technician monitors cryptocurrency mining rigs at a Bitfarms facility in Saint-Hyacinthe, Quebec.