Crypto mining company Bitfarms has significantly increased its convertible notes offering, raising $500 million to fund the expansion of its artificial intelligence (AI) and high-performance computing (HPC) infrastructure. […]
Bitfarms Raises Convertible Notes Offering to $500 Million Amidst Market Uncertainty
Facing heightened market volatility, cryptocurrency mining firm Bitfarms has increased its planned convertible notes offering to $500 million. This reflects strong investor confidence despite recent fluctuations in the […]
Bitfarms Secures $300 Million in Convertible Notes Offering
Canadian digital infrastructure company, Bitfarms Ltd., has launched a $300 million convertible senior notes offering due in 2031. This financing will be used to cover general corporate expenses […]
Bitfarms Shifts Focus Toward AI and HPC Technologies for Long-Term Growth
Bitfarms has made a significant strategic move, pivoting its focus towards Artificial Intelligence (AI) and High-Performance Computing (HPC) technologies. This shift is driven by the need to navigate […]
Riot Platforms Sheds Bitfarms Stake in Strategic Move
Riot Platforms, a major player in the Bitcoin mining industry, has sold over 11.1 million shares of rival miner Bitfarms for $15.1 million. This strategic divestment represents a […]
Bitfarms Delivers Strong Q2 Results and Unveils Strategic Initiatives
Publicly traded Bitcoin mining company Bitfarms has announced its financial performance for the second quarter of 2025, marking a period of growth and strategic expansion. The report reveals […]
Riot Platforms Downs Stakes in Bitfarms After Investment Review
Riot Platforms, a prominent U.S.-based Bitcoin mining company, recently offloaded 1.75 million shares of Bitfarms on June 9th. The sale generated approximately $1.58 million at an average price […]
Bitfarms Shifts Gears to AI Power Play Amidst Declining Bitcoin Profits
Canadian Bitcoin mining firm Bitfarms reported a significant $36 million net loss in the first quarter of 2025, driven by a strategic shift away from cryptocurrency mining. The […]
Bitfarms Records Massive Q1 Loss, Shifts Focus to AI & High-Performance Computing
Canadian Bitcoin mining firm Bitfarms reported a significant first-quarter net loss of $36 million, largely attributed to the company’s strategic shift away from traditional mining towards artificial intelligence […]
Bitfarms Suffers Wider Quarterly Loss, Driven by Shrinking Derivatives Gains
Bitfarms’ Q1 loss widened to $35.9 million, attributed largely to a decline in financial income and a decrease in derivative gains. Financial income plummeted to $2.1 million compared […]
Bitfarms Suffers $36M Loss as AI-Focused Operations Take Center Stage
Cryptocurrency company Bitfarms is facing a significant financial setback after reporting a $36 million loss due to its transition from Bitcoin mining into artificial intelligence. This strategic shift […]
Bitfarms Posts $36 Million Q1 Loss Amid Shift to AI and Tech Infrastructure
Bitfarms, the cryptocurrency mining company, reported a net loss of $36 million for Q1 2025, signaling a strategic shift towards high-performance computing and artificial intelligence. The financial report […]
Bitfarms Q1 2025 Revenue Soars Despite Lower Mining Margins
Bitfarms reported a strong financial performance for the first quarter of 2025, generating $67 million in revenue. This significant increase (33% compared to the same period in 2024) […]
Bitfarms Lawsuits Over Internal Control Deficiencies: Class Action Claims Impact Company
Cryptocurrency mining company Bitfarms is facing multiple class action lawsuits stemming from allegations of failing to disclose key financial weaknesses. The legal claims center around the company’s alleged […]
Bitfarms Sued Over Alleged Misleading Statements
A class action lawsuit has been filed against Bitfarms, a Nasdaq-listed mining company, and certain executives by law firm Pomerantz in the U.S. District Court for the Eastern […]