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Bitfarms
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CryptoCurrency
Bitcoin Miner Bitfarms Promotes Ben Gagnon as CEO
2024-07-08T22:06:26.811+02:00
Bitfarms plans to explore new opportunities such as energy generation, heat recycling, energy trading, and AI under the new leadership.
Since joining Bitfarms in 2019, Gagnon has risen through the ranks, holding roles such as Director of Business Development, Director of Mining Operations, and Chief Mining Officer.
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CryptoCurrency
Bitcoin Miner Riot Platforms Proposes to Acquire Rival Bitfarms
2024-05-28T18:14:41.135+02:00
The deal offers a 24% premium, valuing Bitfarms at approximately US$950 million in total equity.
Last month, Riot presented the proposal to Bitfarms, but the Board rejected it.
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Bitfarms' YTD Bitcoin Mining Figures Lower Than 2022
2023-10-03T11:18:30.625+02:00
Bitfarms mined 411 Bitcoin in September, marking an increase of 7.3% from August.
However, the YTD numbers are lower than in 2022.
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Crypto Stocks Suffer Due to Low Bitcoin Prices and Escalating Hacks and Exploits
2023-08-01T17:47:44.469+02:00
The shares of Coinbase, Bitfarms, and Riot Platforms are among those affected.
DeFi platform Curve Finance recently fell victim to an exploit.
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Bitfarms Ends 2022 with 50% Increase in BTC Mining
2023-01-03T15:14:15.644+02:00
Despite the visible mining growth, the company's revenues are slumping.
Bitfarms was forced to increase sales of its Bitcoin reserves.
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Bitfarms Deepens 2022 Loss Despite More Bitcoins Mined
2022-11-17T12:27:09.645+02:00
The company increased its hashrate by 180% on a yearly basis.
Freefalling cryptocurrency prices brought a substantial net loss during Q3 2022.
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