The reduction in staffing comes amid a raft of other measures designed to reduce costs and maintain “long-term viability.”
Bitfarms have been going through an upheaval of late as Pierre-Luc Quimper, its president and co-founder, quit in October.
Bitfarms Ltd. is pleased to announce that it has taken delivery of ~4,100 new generation miners which will be installed in Phase 1 of the Company’s new Sherbrooke computing centre.
Bitfarms is trying to write a new narrative about mining firms, and reviving the economy of some towns while at it.
In a statement to CoinGeek, Bitfarms has cleared up a lot of fake news related to its Tel Aviv listing.
Crypto mining firm Bitfarms reports $18.2m loss after particularly difficult year, proposes Toronto listing via deal with Canadian firm.
According to a report, Bitfarms has filed a preliminary prospectus with Canada’s Ontario Securities Commission (OSC) in hopes of being able to eventually launch an initial public offering (IPO) in the country.