According to official sources, Bitfarms has announced the completion of upgrades to its Bitcoin mining facilities at two locations in Quebec, Canada, prior to the Bitcoin halving, bringing its total hash rate to 7 EH/s. It is reported that Bitfarms installed 3,168 T21 devices at its Garlock mine in Quebec and 1,710 T21 and 100 M53S+ miners at its Farnham mine in Quebec. The latest upgrade will improve energy efficiency by approximately 51%.

Bitcoin mining company Bitfarms will invest nearly $240 million to upgrade its Bitcoin mining equipment, with the goal of maintaining profitability after Bitcoin's halving in 2024. Bitfarms CFO Jeffrey Lucas said the company will purchase 88,000 high-efficiency Bitcoin mining machines. Bitfarms mined 286 BTC through mining in March 2024, with a monthly hash rate of 6.5 exahashes (EH/s).

Bitfarms, a Bitcoin mining company, updated its production and operation in March 2024. In March, it produced 286 BTC, a 5% decrease from the previous month and a 33% decrease from the same period last year. In February, it produced 300 BTC.

Bitfarms, a Bitcoin mining company, announced the exercise of its previous purchase option for 28,000 Bitmain T21 miners, and additionally purchased 19,280 Bitmain T21 miners, 3,888 Bitmain S2 miners, and 740 Bitmain S21 Hydro miners. Previously, Golden Finance reported that Bitfarms announced a $375 million market stock issuance plan, allowing the company to independently decide to sell its common stock through agents from time to time during the plan period.

Bitfarms, a Bitcoin mining company, released its Q4 and full-year financial report for 2023, which showed that it mined 4,928 BTC in 2023 and 1,236 BTC in Q4. The mining gross margin in Q4 2023 increased from 38% in Q3 2023 to 52%.

Bitcoin mining company Bitfarms has released its latest operational update up until January 31, 2024. The production in January was 357 BTC, a 20% decrease from December of last year.

Bitfarms Ltd., a Bitcoin mining company, released updates for the month and year ending December 31, 2023. The production in December was 446 BTC, an increase of 13.8% from November. The total amount of BTC mined in 2023 was 4,928.

Bitfarms, a Bitcoin mining company, disclosed in its latest submission to the US Securities and Exchange Commission that TD Asset Management Inc. increased its stake in Bitfarms by 14.9% in the second quarter and now owns 199,080 shares of the company. In addition, Portside Wealth Group LLC purchased about $25,000 worth of Bitfarms stock in the second quarter, while Lido Advisors LLC bought about $28,000 worth of Bitfarms stock in the same period. Vontobel Holding Ltd. and UBS Group AG respectively increased their holdings in Bitfarms by 44.2% and 76.3%. Notably, Tower Research Capital LLC increased its holdings in Bitfarms by 1,237.8% in the third quarter and now owns 35,585 shares of the company.

Bitcoin mining company Bitfarms has announced that it has ordered 35,888 Bitmain T21 mining machines at a price of $2,660 per unit. The expected delivery time is from March to May 2024. After installation and operation, it is expected to increase the company's operating capacity by 63% to 391 MW and improve the mining machine efficiency by 34% to 23w/TH. The company stated that with the recent financing announcement, Bitfarms will have enough liquidity to fulfill the purchase obligation of this order. At the same time, Bitfarms has obtained the option to purchase an additional 28,000 Bitmain T21 mining machines.