Bitcoin mining company Bitfarms announced its fourth-quarter results, with revenue rising 21% year-over-year to $56 million. The announcement comes as Bitcoin remains in a consolidation. The company’s latest report also includes the acquisition of Stronghold Digital Mining and the sale of its Paraguay data center. Bitfarms reported a hashrate increase to 18.6 EH/s, nearly tripling…
Publicly listed Wall Street Bitcoin (BTC) miner Bitfarms (NASDAQ: BITF) ended 2024 with increased mining hashrate and USD revenues, despite a 41% drop in production compared to the previous year. Bitfarms Doubles Hashrate, Signals Major U.S. Market Push The Bitcoin mining operator reported a 97% year-over-year increase in hashrate to 12.8 EH/s and a 40%…
In response to what it describes as a hostile takeover attempt, Bitfarms has strongly rejected claims made by Riot Platforms, accusing Riot of trying to undermine the company for its own gain. The conflict between the two Bitcoin mining giants has escalated, with Bitfarms issuing a public statement to address what it calls “misleading claims”…
Block reward miners on the BTC network had their least profitable month in nearly a year in August, leading to bankruptcies, share dilutions, and other ‘Hail Mary’ efforts to stave off the inevitable. Bitbo data shows BTC miner revenue hitting $827.5 million in August, less than half the total from this year’s peak of $1.93…
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador produced nearly 474 bitcoin using geothermal energy, Bitfarms expanded the capacity of its Paraguayan bitcoin mining facility, and Bitso launched an in-house Web3 wallet. El Salvador Reportedly Mined Nearly 474 BTC…