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Bitfarms
Crypto Billionaire Wants to Tackle Bitcoin's Environmental Impact
Ripple Co-Founder Chris Larsen is teaming up with climate activist groups such as the Greenpeace to launch the “Change the Code, Not the Climate” campaign, which aims to shift the consensus mechanism away from proof-of-work. Bitfarms' Ben Gagnon addresses bitcoin’s global energy consumption. Plus, a look into Bitfarms' quarterly revenue jump.
Bitfarms Reports Q4 Revenue Growth of 33% to $60M, Along With Margin Expansion
The miner booked full-year revenue of $169 million, up 383% versus 2021.
The Future of Mining Finance: Time to Get Creative
To finance mining rigs in a down market, firms will have to look beyond stock issuance. They may have to borrow against their machines or mined crypto or put themselves up for sale.
Valkyrie Bitcoin Miners ETF Approved for Nasdaq Listing
The fund will begin trading tomorrow under the ticker “WGMI" and has an expense ratio of 0.75%.
Bitfarms Bought $43.2M of Bitcoin in the First Week of January
The purchase increased the publicly traded firm’s BTC holdings by 30% to over 4,300.
Bitfarms and Marathon Digital Both Mined Over 3K BTC in 2021
The two publicly traded miners also held onto almost all the bitcoin they mined.
Miner Bitfarms Raises $100M Bitcoin-Backed Loan From Galaxy Digital
The miner has already made an initial $60 million drawdown with a six-month term at an interest rate of 10.75%.
Bitfarms Mined 339 Bitcoin in November as Network Difficulty Increased
Bitfarms attributed the performance to new mining equipment driving a 16% increase in the hashrate.
Bitfarms Doubles Hashrate to More Than 2 EH/s
Bitcoin miner Bitfarms has received and installed 1,500 S19j Pro miners so far in November.
Bitfarms Buys 24MW Crypto Mining Facility in Washington State for $26M
The bitcoin miner plans to run approximately 6,200 Bitmain S19j Pro miners in the new hydro-powered facility, with potential capacity of 620 PH/s mining power.