Bitcoin Miner Bitfarms Buys 1,000 BTC
The company’s purchase in January’s first week increased its bitcoin holdings by 30%.Nasdaq-listed bitcoin miner Bitfarms said Monday it purchased 1,000 BTC in the first week of January, an amount that increased the company’s bitcoin holdings by about 30%. The company said it now holds 4,300 BTC in its treasury.“Our guiding company strategy at Bitfarms is to accumulate the most Bitcoin for the lowest cost and in the fastest amount of time for the benefit of our shareholders,” Bitfarms’ CEO Emiliano Grodzki said in a statement.Bitfarms said the $43.2 million purchase sought to capture the....
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Global bitcoin mining company Bitfarms has bought the dip and added 1,000 bitcoins to its balance sheet while the prices of mining hardware remain high. The company’s corporate treasury now holds more than 4,300 bitcoins.
Mining Company Buys the Dip
Bitfarms Ltd. has taken advantage of the falling price of bitcoin. The publicly traded bitcoin mining company announced Monday that it has purchased 1,000 BTC for its treasury. The announcement details:
During the first week of January 2022, Bitfarms purchased 1,000 BTC for US$43.2 million. This increased the BTC holdings....
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