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 […]
Bitfarms Targeted in Class Action Lawsuit Over Alleged Misleading Statements
Nasdaq-listed mining company Bitfarms is under legal fire as a class action lawsuit filed by law firm Pomerantz targets the company and its executives. The suit alleges that […]
Bitfarms Secures $300M Loan for HPC Project Expansion
Bitfarms has secured a significant financing deal of up to $300 million from Macquarie Equipment Capital to fund its expansion into high-performance computing (HPC). This move marks a […]
Bitfarms Raises $300 Million for AI-Driven Growth and US Expansion
Bitfarms secured a significant funding boost of up to $300 million from Macquarie Equipment Capital. This investment will fuel the company’s expansion plans, including its ambitious foray into […]
Bitfarms Secures $300 Million Debt for AI and HPC Expansion
Bitfarms has secured a significant $300 million loan from Macquarie Group to fuel its expansion into high-performance computing (HPC) and artificial intelligence (AI). This move aligns with the […]
Bitfarms Secures $300 Million for High-Performance Computing Project
Bitfarms has secured a significant $300 million loan from Macquarie Group to support development of its high-performance computing (HPC) project at Panther Creek, Pennsylvania. This investment marks a […]
Bitfarms Secures $300 Million to Launch Panther Creek Project
Bitfarms has secured a substantial $300 million investment from Macquarie, paving the way for its Panther Creek HPC project in Pennsylvania. This funding will bolster Bitfarms’ mining capabilities, […]
Bitfarms Secures $300 Million Financing Deal for Pennsylvania Data Center
Nasdaq-listed mining company Bitfarms has secured a $300 million private debt financing agreement with Macquarie Group, paving the way for the development of its upcoming HPC project at […]