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Bitfarms announced the retention of LHA Investor Relations to enhance market awareness and communicate its growth strategies to investors. LHA will focus on expanding investor relations through targeted communications, roadshows, and capital market advice. The contract is valued at $20,000 per month for six months, and can be canceled after 90 days. Bitfarms is a Bitcoin mining company that operates over 99% on green hydroelectric power and aims to transition beyond a micro-cap company. This engagement is subject to TSX Venture Exchange approval.
Bitfarms Ltd. (NASDAQ: BITF) reported a strong Bitcoin production update as of September 1, 2021. The company mined 354 Bitcoin in August and has mined 745 Bitcoin in the current quarter so far. Year-to-date, Bitfarms has produced 2,102 Bitcoin and deposited 2,028 Bitcoin into custody, valued at approximately US$101.4 million. The company is set to receive new mining equipment to expand operations significantly and has signed a lease in Paraguay for additional hydroelectric capacity. Bitfarms aims for a total of 3 Exahash by Q1 2022 and 8 Exahash by year-end 2022.
Bitfarms Ltd. has signed a significant deal with the City of Sherbrooke, Québec, to develop 96 MW of hydropower rapidly. This move aims to enhance its Bitcoin mining capacity, targeting 3 Exahash by Q1 2022 and 8 Exahash by the end of 2022. The agreement will replace existing facilities with high-efficiency structures, addressing local sound concerns by relocating operations. CEO Emiliano Grodzki emphasized this as a beneficial arrangement for both the community and the company, reflecting Bitfarms’ commitment to social responsibility and sustainable energy use in Bitcoin mining.
Bitfarms Ltd., a leading Bitcoin mining company, announced that President Geoffrey Morphy will present at the H.C. Wainwright 23rd Annual Global Investment Conference from September 13 to 15, 2021. The presentation will be accessible at 7 AM ET on September 13. Bitfarms, known for utilizing over 99% green hydroelectric power, operates five facilities in Québec and has recently expanded its market presence by trading on the Nasdaq. Investors can register for the conference and schedule one-on-one meetings with management through H.C. Wainwright.
Bitfarms, a Bitcoin mining company, is set to showcase its operations at the Benzinga Crypto Festival on August 31 - September 1, 2021. Chief Mining Officer Ben Gagnon will present on September 1 at 1:30 pm ET and join a panel discussion addressing profit opportunities in crypto mining at 2:50 pm ET. Bitfarms powers approximately 1.1% of the Bitcoin network using over 99% green hydroelectricity. The company, traded on both Nasdaq (BITF) and TSX-V (BITF), invites investors to register for the events through their website.
Bitfarms, a leading Bitcoin mining company, announced its participation in the Sequire Blockchain Conference on July 15, 2021, at 4:00 PM ET. The company currently powers approximately 1.5% of the Bitcoin network using over 99% hydroelectricity. Chief Mining Officer Ben Gagnon will present the company’s latest updates. Interested investors can register to attend the virtual event, and a recorded version will be available on their website shortly after. Founded in 2017, Bitfarms is known for its sustainable mining practices and operates five large-scale facilities in Canada.
Bitfarms, a leading Bitcoin mining company, announced a production update as of July 12, 2021, reporting the mining of 1,515 Bitcoin year-to-date. In the first six months of 2021, it mined 1,357 Bitcoin, the highest among North American publicly traded miners. The company deposited 1,445 Bitcoin into custody, with a record of 265 Bitcoin mined in June. Following a significant difficulty drop in the Bitcoin network, Bitfarms expects to produce over 400 Bitcoin in July. Additionally, the company granted 50,000 RSUs to its executive team.
Bitfarms announced the establishment of the first authorized MicroBT service center in Canada, enhancing its partnership with a leading Bitcoin mining equipment manufacturer.
Completion of this repair lab is set for May 15, 2021, with services starting May 17, 2021. This initiative will facilitate efficient repairs for both in-warranty and out-of-warranty equipment, significantly cutting shipping costs for customers.
Bitfarms aims to expand its technician workforce and create a new revenue stream by offering high-quality repair services to Canadian clients.
Mathieu Vachon has filed an early warning report regarding his holdings in Bitfarms, citing a Share Dilution affecting his 8,434,403 common shares. Initially, he controlled around 14.7% of the outstanding shares in 2019, but this has decreased significantly. Bitfarms' issued shares rose from approximately 57 million to nearly 113 million since Vachon's initial stake. After trading activities, Vachon’s current ownership represents about 7.5% of total shares. This report complies with National Instrument 62-103 and is filed on SEDAR.
Bitfarms Ltd. (BITF, BFARF) has successfully closed a private placement offering, raising approximately CAD$20 million by selling 8,888,889 common shares at CAD$2.25 each, along with associated warrants. The exercise price for these warrants is CAD$2.75, valid for three years. The funds will primarily be used to acquire more miners, expand infrastructure, and enhance working capital. H.C. Wainwright & Co. acted as the exclusive placement agent and received an 8.0% cash commission and broker warrants as compensation.
