Bitcoin Miner Bitfarms to Raise $31M in Sale of Shares to Institutional Inves...
The additional funding will go towards the acquisition of more miners, expanding infrastructure and boosting working capital.
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Bitfarms boost its mining power by 360 PH with the new lease, set to run for 24 months.
Bitfarms announced the placement Sunday.
Bitcoin miner Bitfarms has announced plans to pull back on Bitcoin mining in the coming two years and pivot toward AI-compute centers. Bitfarms CEO Says Pivot To AI-Compute Business Could Out-Earn Bitcoin Mining In a press release, Bitcoin mining company Bitfarms has revealed plans to convert one of its facilities to support High-Performance Computing (HPC)/Artificial […]
Bitfarms was able to sell far few shares for the same amount of proceeds thanks to a 45% rise in its stock price in the last week.
Bitfarms, a publicly traded miner, released its bitcoin mining update showing 431 BTC mined with 6,075 BTC ($192 million) held in custody.