Bitfarms | ForkLog

ForkLog 13 10.02.2023

Bitfarms repays a $21m BlockFi loan with a $7.75m cash payment

The mining company Bitfarms repaid the remaining BlockFi loan totaling $21 million with a single cash payment of $7.75 million, under updated agreement terms.

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ForkLog 16 13.01.2023

Bitfarms Warns of Possible Default on BlockFi Loan

Bitfarms said it is seeking more favourable repayment terms for the $20 million remaining loan from the crypto-lending platform BlockFi. Among other actions, the firm allowed a halt in repayments.

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ForkLog 48 14.12.2022

Nasdaq warns Bitcoin miner Bitfarms of potential delisting

Mining company Bitfarms has received a notification from Nasdaq about a possible delisting for violating its rules.

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ForkLog 17 14.11.2022

Bitfarms narrows quarterly loss to $85 million

The mining company Bitfarms reported a net loss of $85 million in the third quarter, compared with $142 million in the prior period.

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ForkLog 16 15.08.2022

Bitfarms reports $142 million loss for Q2

For the second quarter, Bitfarms, listed on Nasdaq and the Toronto Stock Exchange, posted a net loss of $142 million. In April–June, the mining company mined 1,257 BTC, according to the press release.

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ForkLog 20 21.06.2022

Bitfarms abandons Bitcoin-accumulation strategy

Canadian publicly traded mining company Bitfarms has tweaked its strategy for storing mined Bitcoin in order to increase liquidity and strengthen its balance sheet.

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ForkLog 25 10.01.2022

Bitfarms buys 1,000 BTC worth $43.2 million in the first week of 2022

The Nasdaq- and Toronto Stock Exchange-listed Bitfarms bought 1,000 BTC for the company's balance sheet, worth $43.2 million, in the first week of 2022.

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ForkLog 15 31.12.2021

Bitfarms Secures $100 Million Credit Facility From Galaxy Digital

Crypto merchant bank Galaxy Digital opened a $100 million credit line for the Canadian public mining company Bitfarms, backed by Bitcoin.

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ForkLog 25 12.11.2021

Bitfarms to Launch Mining Center in Washington State

Bitfarms, the Canadian publicly traded mining company, said it acquired a 24 MW data center in Washington State for $26 million.

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ForkLog 24 08.10.2021

Bitfarms begins construction of Argentina data centre to house 55,000 miners

The Canadian publicly traded mining company Bitfarms has begun construction in Argentina on a new cryptocurrency mining facility with a capacity of 210 MW.

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ForkLog 11 01.10.2021

Bitfarms boosts Bitcoin production by 38%

The Toronto-listed Canadian mining company Bitfarms mined 1,050 BTC in Q3 2021, up 38% from the prior period.

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ForkLog 12 06.08.2021

Bitfarms boosts bitcoin reserves to 1,678 BTC

Public mining company Bitfarms announced an increase in Bitcoin production in July and its commitment to a long-term reserve-accumulation strategy.

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