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Bitfarms
These Two Bitcoin Miners from Wall Street Secure Major Financing as BTC Hits $108K
- CleanSpark secures $650 million through zero-coupon convertible notes while implementing shareholder protection measures.
- Bitfarms continues its ATM program with $87 million remaining as both miners strengthen their positions for future growth.
Wednesday, 18/12/2024 | 08:10 GMT by
Damian Chmiel
Wall Street Bitcoin Miners Report Lower November Production Despite BTC Rising to $100,000
- Major BTC miners reported mixed November production results amid a 7% network difficulty increase.
- Although production declined for the 5th consecutive month, higher crypto prices led to a nearly 25% increase in revenue.
Wednesday, 04/12/2024 | 08:02 GMT by
Damian Chmiel
Bitfarms Defends against Riot's “Misleading” Claims as Takeover Tensions Rise
- The mining giant recently made leadership and strategic changes, which it claims were done independently to enhance shareholder value.
- Bitfarms has accused Riot of making misleading claims and trying to destabilize its operations for its own gain.
Wednesday, 04/09/2024 | 19:12 GMT by
Jared Kirui
Bitfarms Expands US Operations with $125 Million Stronghold Acquisition
- The merger will reportedly add 4 EH/s to Bitfarms’ hash rate, which could exceed 10 EH/s by 2025.
- Stronghold’s assets include two merchant power plants in Pennsylvania that convert mining waste into power.
Wednesday, 21/08/2024 | 13:02 GMT by
Jared Kirui
3rd Largest Wall Street Bitcoin Miner Raises Bitfarms Stake, Takeover Defense Intensifies
- Riot Platforms has increased its stake in rival platform to 18.9%, continuing its push for board changes.
- The move follows Bitfarms' rejection of Riot's earlier acquisition offer.
Wednesday, 14/08/2024 | 06:59 GMT by
Damian Chmiel
Bitfarms Revamps Executive Team, Welcomes Liam Wilson as Chief Operating Officer
- Ben Gagnon, formerly the Chief Mining Officer at Bitfarms, has been appointed to the company's Board of Directors.
- Nicolas Bonta, the Co-Founder and Chairman of Bitfarms, is stepping down.
Tuesday, 13/08/2024 | 19:56 GMT by
Jared Kirui
Bitcoin Miner Bitfarms Promotes Ben Gagnon as CEO
- 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.
Monday, 08/07/2024 | 20:06 GMT by
Jared Kirui
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