Bitfarms is making a bold move away from Bitcoin mining, announcing plans to transition its operations towards artificial intelligence (AI) data centers. The company has secured $128 million […]
Bitfarms Stocks Plummet Amid Shift from Bitcoin Mining to AI-Fueled Data Centers
Shares of Bitfarms plummeted Thursday after the company announced a major restructuring plan, shifting away from Bitcoin mining and investing in AI infrastructure over the next two years. […]
Bitfarms Raises $500 Million in Convertible Notes to Fuel AI and HPC Expansion
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) […]