Bitfarms

Bitcoin Miner Bitfarms Sinks to Fourth-Quarter Loss as Difficulty, Costs Rise

Bitfarms is shooting for 6 exahash per second of computing power by the end of 2023, the same goal it had set, and missed, for 2022.

Por Eliza Gkritsi21 mar 2023

Finanzas

Bankrupt Crypto Lender BlockFi Takes Two-Thirds Loss to Settle Bitcoin Miner Bitfarms' Debt

The miner had recently warned it might stop paying off the debt to bankrupt BlockFi.

Por Eliza Gkritsi9 feb 2023

A bitfarms mining site in Washington. (CoinDesk)

Vídeos

Bitcoin Miner Bitfarms Warns of Default

Bitcoin miner Bitfarms (BITF) might have already or may in the future stop making installment payments on a $20 million loan from bankrupt crypto lender BlockFi, effectively defaulting on the loan, according to a press release. As a result, Bitfarms is looking to modify the loan. "The Hash" panel breaks down the details of the loan.

13 ene 2023

Finanzas

Bitcoin Miner Bitfarms Warns of Default, Looks to Amend BlockFi Loan

The outstanding $20 million loan is secured by only $5 million in assets.

Por Eliza Gkritsi13 ene 2023

Vídeos

Alameda-Linked Wallet Movement; Bitcoin Miner Bitfarms' CEO Resigns

On-chain data cited by crypto research firm Arkham Intelligence suggested $1.7 million worth of tokens from Alameda-linked wallets were sold in the open market over a span of several hours on Wednesday. Plus, Bitfarms (BITF) co-founder and CEO Emiliano Grodzki stepped down from his position and former Chief Operating Officer Geoffrey Morphy has been promoted as his replacement.

29 dic 2022

Finanzas