bitfarms
COVID-19 Hits Canadian Crypto Mining Firm Bitfarms, Forced to Lay Off Staff to Maintain Cost Efficiency
Publicly-listed Canadian crypto mining form Bitfarms has temporarily reduced employees because of the social and economic challenges caused by the coronavirus outbreak.
Riot Proposes to Acquire Bitfarms for $2.30 Per Share
Riot Platforms proposes acquisition of Bitfarms to create the largest publicly listed Bitcoin miner.
Bitfarms (BITF) Announces Results of Annual Shareholders' Meeting
Bitfarms reveals the outcomes of its annual shareholders' meeting, including board elections and auditor reappointments.
Bitfarms (BITF) Reports Significant Hashrate Increase and Operational Expansion
Bitfarms earned 156 BTC in May 2024, increased hashrate to 9.5 EH/s, and secured additional hydropower.
Riot Platforms Acquires 12% Stake in Bitfarms Ltd., Intends to Propose New Directors
Riot Platforms now holds a 12% stake in Bitfarms Ltd. and plans to nominate new directors to the board.
Bitfarms Responds to Riot Platforms' Alleged Disruption of Strategic Review
Bitfarms addresses Riot Platforms' actions amid its strategic alternatives review.
Bitfarms Implements Shareholder Rights Plan Amid Riot Platforms' Hostile Takeover Attempt
Bitfarms adopts a shareholder rights plan to counter Riot Platforms' takeover attempt and ensure fair value for shareholders.
Bitfarms (BITF) Faces TSX Deferral on Shareholder Rights Plan Consideration
Bitfarms announced that the TSX has deferred its decision on the company's Shareholder Rights Plan.
Riot Platforms Criticizes Bitfarms' Adoption of Poison Pill
Riot Platforms criticizes Bitfarms for adopting a shareholder-unfriendly poison pill plan.
Bitfarms to Develop 120 MW Bitcoin Mining Facility in Pennsylvania, Projects Over 35 EH/s by 2025
Bitfarms plans 120 MW facility in Pennsylvania, targeting 35 EH/s by 2025.
Riot Platforms Acquires 14% Stake in Bitfarms Ltd.
Riot Platforms, Inc. acquires a 14% stake in Bitfarms Ltd., increasing its holdings and planning to influence corporate governance.
Riot Platforms Calls for Special Meeting to Overhaul Bitfarms Board
Riot Platforms, owning 14.9% of Bitfarms, has called for a special meeting to nominate three independent directors, aiming for significant changes in Bitfarms' governance.
Bitfarms (BITF) Faces Shareholder Meeting Requisition from Riot Platforms
Bitfarms receives a requisition from Riot Platforms for a shareholder meeting to gain control of its Board of Directors, according to GlobeNewswire.
Bitfarms Welcomes Fanny Philip to Board of Directors
Bitfarms appoints Fanny Philip, a blockchain and finance expert, to its Board of Directors, enhancing its leadership team.
Bitfarms Appoints Ben Gagnon as New CEO to Drive Future Growth
Bitfarms Ltd. has appointed Ben Gagnon as the new CEO, effective immediately. Gagnon, previously Chief Mining Officer, aims to expand and diversify the company's operations.
Riot Platforms Unveils Campaign Website Targeting Bitfarms Board Overhaul
Riot Platforms has launched a new website, www.ABetterBitfarms.com, as part of its efforts to reconstitute the Bitfarms Board of Directors.
Bitfarms (BITF) CEO Ben Gagnon to Join H.C. Wainwright Fireside Chat
Bitfarms' new CEO Ben Gagnon and CFO Jeff Lucas will participate in a virtual fireside chat hosted by H.C. Wainwright. The event will cover key insights into the company's operations and future plans.
Bitfarms Reports June 2024 Bitcoin Production and Operational Advances
Bitfarms earned 189 BTC in June 2024, increased hashrate to 11.4 EH/s, and expanded operations in the U.S. and Paraguay.
Bitfarms (BITF) Schedules Special Shareholder Meeting Amid Riot Platforms Dispute
Bitfarms Ltd. has scheduled a special shareholder meeting for October 29, 2024, in response to a requisition by Riot Platforms. Shareholders of record as of September 26 are eligible to vote.
Ontario Capital Markets Tribunal Terminates Bitfarms’ Poison Pill at Riot's Request
Riot Platforms successfully convinces the Ontario Capital Markets Tribunal to terminate Bitfarms' Poison Pill, aimed at protecting shareholder rights.
Bitfarms Adopts New Shareholder Rights Plan Amid Tribunal Decision
Bitfarms Ltd. has adopted a new shareholder rights plan following a decision by the Ontario Securities Commission's Tribunal to cease trade the former plan.
Bitfarms (BITF) to Host Q2 2024 Conference Call on August 8
Bitfarms Ltd. announces its Q2 2024 financial results and schedules a conference call for August 8, 2024, at 8:00 am EST.
Riot Platforms Acquires 16.9% Stake in Bitfarms Ltd.
Riot Platforms, Inc. reports a significant stake increase to 16.9% in Bitfarms Ltd., aiming to influence the company's board composition.
Bitfarms (BITF) Announces Significant Leadership Changes
Bitfarms Ltd. has appointed CEO Ben Gagnon to its Board and named Brian Howlett as Independent Chairman. Nicolas Bonta steps down as Chairman.
Bitfarms to Acquire Stronghold Digital Mining in $125 Million Deal
Bitfarms will acquire Stronghold Digital Mining in a stock-for-stock merger valued at $125 million, expanding its energy portfolio significantly.
Bitfarms (BITF) Reports July 2024 Bitcoin Production and Operational Milestones
Bitfarms earned 253 BTC in July 2024, increased HODL to 1,016 BTC, and expanded operational hashrate to 11.1 EH/s, according to GlobeNewswire.
Riot Platforms Increases Stake in Bitfarms to 18.9%
Riot Platforms, Inc. has announced an increase in its ownership of Bitfarms Ltd., now holding 18.9% of the company's common shares.
Bitfarms Expands U.S. Operations with Control of Sharon, PA Data Center
Bitfarms Ltd. has assumed control of its first large-scale site in the U.S., increasing its American footprint from 20 MW to 140 MW.
Riot Platforms Urges Bitfarms Shareholders to Elect New Directors at Upcoming Meeting
Riot Platforms calls for Bitfarms shareholders to vote for new board members to improve governance ahead of a crucial special meeting.
Bitfarms Reports August 2024 Production and Strategic Expansion
Bitfarms announces acquisition of Stronghold Digital Mining, reports August 2024 BTC production, and outlines significant expansion plans.
Bitfarms Addresses Riot's Misleading Claims Amid Acquisition Talks
Bitfarms responds to Riot's claims, emphasizing its commitment to shareholder value and strategic acquisitions.
Bitfarms to Participate in H.C. Wainwright’s 26th Annual Global Investment Conference
Bitfarms will attend H.C. Wainwright’s 26th Annual Global Investment Conference in NYC, featuring CEO Ben Gagnon on a Bitcoin Mining Panel.
Bitfarms (BITF) Reschedules Special Shareholders Meeting Amid Riot Engagement
Bitfarms reschedules its special shareholders meeting to November 6, 2024, to address Riot's amended requisition. The meeting will be held in-person.
Riot Platforms Announces Settlement Agreement with Bitfarms, Board Changes Enacted
Riot Platforms and Bitfarms Ltd. reach a settlement agreement, resulting in board changes and withdrawal of a shareholder meeting requisition.
Bitfarms and Riot Platforms Reach Settlement Agreement
Bitfarms Ltd. and Riot Platforms Inc. announce a settlement agreement ahead of the Special Meeting of Bitfarms Shareholders, with significant changes to the Board of Directors.
Bitfarms Amends Prospectus for At-the-Market Equity Offering Program
Bitfarms Ltd. updates its prospectus supplement, adjusting its at-the-market equity offering to reflect the potential acquisition of Stronghold Digital Mining, with $127 million still available under the program.
Bitfarms (BITF) Achieves 236 BTC in October Amid Operational Expansion
Bitfarms Ltd. reports earning 236 BTC in October 2024, with significant operational expansions and hosting agreements, despite challenges in reaching its hash rate targets.
Bitfarms (BITF) Adjusts Q3 2024 Conference Call Schedule
Bitfarms reschedules its Q3 2024 financial results conference call to November 13, 2024. The call will take place at 8:00 am EST, with materials available beforehand.
Bitfarms (BITF) Reveals Q3 2024 Financial Results Amid Strategic Expansion
Bitfarms Ltd. reports a 30% year-over-year revenue increase for Q3 2024, highlighting strategic expansions and operational enhancements despite industry challenges.
Bitfarms Expands Miner Hosting with Stronghold Digital Mining
Bitfarms Ltd. signs a second 10,000 miner hosting agreement with Stronghold Digital Mining, enhancing operations at Stronghold's Scrubgrass site in Pennsylvania. The move aims to boost efficiency and expand U.S. presence.
Bitfarms Expands Board and Appoints Andrew J. Chang as Independent Director
Bitfarms announces board expansion to six members, appointing Andrew J. Chang as an independent director, following a special shareholder meeting. Key shareholder proposals were approved.
Bitfarms to Restate Financials Following SEC Review of Digital Asset Proceeds
Bitfarms Ltd. will restate its financial statements for 2022 and 2023 after identifying a material error in the classification of digital asset sale proceeds.
Bitcoin Miner Bitfarms Mines 411 BTC in September 2023
Bitfarms, a Canadian Bitcoin mining firm, mined 411 BTC in September 2023, marking a 7.3% increase from the previous month. The company sold 362 BTC, generating $9.5 million in revenue. Bitfarms has been expanding its operations, including fully energizing its Argentina facility at Rio Cuarto to 51 MW, and increasing its total operating capacity to 233 MW.
Bitfarms Sells 1500 BTC Goes for New Loan to Boost Liquidity
Bitfarms has now relied on sales of some of its mined Bitcoins and borrowings to fund its capital expenditure and improve its liquidity.
Bitcoin Miner Bitfarms Mined 1,223 BTC but with $25 Million Net Loss in Q2 2023
Bitfarms mined 1,223 BTC in Q2 2023, reaching a hashrate of 5.3 EH/s. Revenue was $35M, with a net loss of $25M. The firm also secured 150 MW of hydropower.
Bitfarms Records $40m in Total Revenue and 900 BTC Mined in Q1 2022
Bitfarms expressed its happiness with the progress that it continues to make. The firm achieved record levels of hash rate, revenue, and Bitcoin mined in the first quarter.
Bitcoin Miner Bitfarms Starts Production in Argentina
The new production facility marks Bitfarms’ 10th mining facility and Argentina as the fourth country where the firm conducts its mining activities, besides the U.S., Canada, and Paraguay.
Bitcoin Miner Bitfarms Mined 378 BTC and Sold 333 in July
Bitcoin Miner Bitfarms mined 378 BTC and sold 333 in July 2023. The report details expansion plans, including a move to double hydropower capacity, and highlights challenges faced.
BTC Miner Bitfarms' Energy Capacity Touches 21% in July
Bitfarms' increase in energy capacity reached 166 megawatts following the firm's completion of the second phase of construction at a location in Canada.
Bitfarms Achieves Milestone with 446 BTC Mined in December 2023, Marking Significant Growth
In December 2023, Bitfarms reported a productive month with 446 BTC mined, $18.9M in revenue from BTC sales, and a $84M year-end cash reserve.