Hydro-Quebec CEO behind push to ban new power allocation to BTC miners to leave post
Sophie Brochu has been the CEO of Hydro-Quebec for three years and during her tenure, she called on regulators to suspend the allocation of 270MW to BTC miners.
Latest Bitfarms News
BTC miner Bitfarms faces NASDAQ delisting over share price deficiency
NASDAQ has issued a warning to Bitfarms, giving it 180 days to correct its share price, which has been trading below the $1 mark for more than 30 days.
Bitfarms dumps almost half its BTC holdings to reduce debts
Bitfarms is "adjusting its HODL strategy" by selling off almost half its BTC reserves, a move that reflects the struggles BTC miners have faced in recent weeks to remain profitable as prices sank.
Bitfarms Q2 revenue jumps, fueled by digital currency bull market
Bitfarms Ltd. on Monday reported second-quarter earnings that exceeded some analysts' expectations as the block reward miner cashed in on the booming digital currency market.
Bitfarms gains approval to list on Nasdaq
Bitfarms claims to be the first block reward miner to trade on the Nasdaq Global Market tier, which is reserved for companies who fulfill a higher level of financial liquidity and other requirements.
Bitfarms moves ahead with plans to open mining facility in Argentina
Bitfarms signed a power purchase agreement with an undisclosed private Argentinian power producer enabling the firm to draw up to 210MW of electricity at its discretion.
Bitfarms signals massive hardware expansion with MicroBT ASIC miners purchase
The first shipment would take place in January 2022, and will be followed by monthly shipments with the last batch of mining rigs scheduled to arrive by December 2022.
Bitfarms to raise $31M in additional funding
The publicly listed block reward mining operation expects gross proceeds of nearly CAD$40 million via the sale in the United States of 11,560,695 common shares.
Job losses loom at Bitfarms due to coronavirus
The reduction in staffing comes amid a raft of other measures designed to reduce costs and maintain “long-term viability.”
Bitfarms crypto mining operations face troubles amid internal upheaval
Bitfarms have been going through an upheaval of late as Pierre-Luc Quimper, its president and co-founder, quit in October.
Bitfarms announces first delivery in growth expansion plan, adding 205 PH/s of new computing power
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 crypto mining reviving the economy of small Canadian towns
Bitfarms is trying to write a new narrative about mining firms, and reviving the economy of some towns while at it.