bitfarms Archives - Coinspeaker

Bitfarms Sells Major Paraguay BTC Mining Site to Hive Digital for $85M

Hive Digital Technologies has decided to buy Bitfarms’ 200 MW Yguazu mining facility in Paraguay to reach 25 EH/s by Q3 2025.

Bitfarms and Riot Platforms Announce Settlement to Quell Takeover Saga, Companies Stock Rallies

Cryptocurrency News, News

By Steve Muchoki Sep 23, 2024

Riot Platforms became the largest shareholder of Bitfarms after acquiring a 9.25 percent stake and proposed a takeover for $950 million.

Bitfarms Announces Acquisition of Stronghold for $125M via Stock Deal

Bitcoin News, Cryptocurrency News, News

By Godfrey Benjamin Aug 21, 2024

Stronghold’s stock has plummeted by almost 60% this year, Riot decreased by 48%, and Bitfarms plunged by 19%.

Bitcoin News, Cryptocurrency News, News

Riot Platforms Q2 Losses Widen to $84.4M, Buys More Bitfarms Shares

By Bhushan Akolkar Aug 1, 2024

The Bitcoin halving event and increased network difficulty led to a rise in the average direct cost to mine Bitcoin, which increased to $25,327 from $5,734 per Bitcoin in the second quarter of 2023.

Market News, News, Stocks

US Crypto Stocks Rally on Monday Pre-market after Donald Trump Endorsement

By Bhushan Akolkar Jul 29, 2024

In the pre-market on Monday, Coinbase and other Bitcoin mining firms saw their stock prices rally anywhere between 3.5-4.5%.

Cryptocurrency News, News

Bitfarms Ordered to Cease ‘Poison Pill’ Strategy amid Riot Takeover Battle

By Chimamanda U. Martha Jul 25, 2024

The “poison pill” strategy, formally known as a shareholder rights plan, was implemented by Bitfarms on June 13 to deter Riot’s aggressive acquisition efforts.

Market News, News, Stocks

Bitfarms Stock Soars 15% after New Mining Site Announcement

By Chimamanda U. Martha Jun 14, 2024

Bitfarms plans to leverage its farm design expertise and operational excellence to make the new facility one of its best locations, well-optimized for growth.

Business News, Deals News, News

Bitfarms and Riot Platforms Battle for Ownership, Shares Skyrocket

By Anisha Pandey Jun 13, 2024

In its takeover bid, Riot proposed that it would help Bitfarms’ shareholders to capitalize on the potential for future value creation.

Business News, Deals News, News

Bitfarms Adopts ‘Poison Pill’ to Prevent Hostile Riot Platforms Takeover

By Tolu Ajiboye Jun 10, 2024

The new Bitfarms Poison Pill hopes to keep Riot at bay for a while, protecting itself from a forced takeover from the rival.

Bitcoin News, Business News, Cryptocurrency News, Deals News, News

JPMorgan Supports Riot Platforms’ Bid to Acquire Bitfarms

By Chimamanda U. Martha May 29, 2024

Riot also pointed out that the merger would be advantageous for shareholders of both companies.

Market News, News, Stocks

Riot Platforms Plans Public Listing for Bitfarms Following Majority Stake Purchase

By Godfrey Benjamin May 28, 2024

Riot believes strongly that Bitfarms’ recent management turnover is an indication of corporate governance problems.

Altcoin News, Cryptocurrency News, News

Argentina’s Crypto Founders Launch ‘Crecimiento’ to Boost Adoption and Support Crypto Ecosystem

By Tolu Ajiboye May 28, 2024

The founders in Argentina have launched Crecimiento to promote adoption, and offer crypto solutions to economic problems.

Bitcoin News, Cryptocurrency News, News

Bitcoin Returned 150% in 2023 but Still Less than Coinbase and BTC Miners, Matrixport Reveals

By Tolu Ajiboye Dec 19, 2023

Matrixport revealed that although Bitcoin has climbed more than 150% this year, miners have done much more.

Blockchain News, Business News, Cryptocurrency News, Market News, News

Coinbase (COIN) Shares Tumble 9% amid SEC’s Binance Securities Violation Allegations

By Godfrey Benjamin Jun 6, 2023

The SEC filing against Binance had a significant impact not only on Coinbase but also on other linked entities and cryptocurrencies.

Bitcoin News, Business News, Cryptocurrency News, Market News, News

Silvergate Rises and Coinbase Drops as Crypto Stocks React to Bitcoin on the Mend

By Tolu Ajiboye Jan 24, 2023

Several crypto stocks saw considerable increases in value while others dropped, as the 2023 Bitcoin price rally continued.