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Bitfarms stock dips despite $110m acquisition
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HIVE Digital has acquired Bitfarms’ 200 MW hydro-powered facility in Paraguay, expanding its mining capacity by 317%. Bitcoin (BTC) miner HIVE Digital Technologies has acquired Bitfarms‘ 200-megawatt hydro-powered facility in Yguazú, Paraguay, for $56 million, a move that could significantly…
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Bitcoin
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Crypto miners can now leverage Bitcoin-backed loans through M2’s partnership with NiceHash. Abu Dhabi-based cryptocurrency exchange M2 has partnered with NiceHash, a cryptocurrency mining services provider, to introduce flexible lending solutions for miners. According to a press release shared with…
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Canadian Bitcoin miner Bitfarms has finalized the acquisition of Stronghold Digital Mining, marking the largest-ever merger between two publicly listed Bitcoin mining companies. According to a press release published on March 17, Bitfarms has completed the all-stock acquisition of Stronghold…
BTC
Bitcoin
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Shares of Bitcoin miner Bit Digital climbed 7% after the company reported more than a 140% revenue jump in 2024, fueled by its growing cloud services segment. Bit Digital’s latest financial results suggest a major shift is underway as its…
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Pi Network is up 20% ahead of Pi day, holding support at $1.40. Pi Network (PI) has surged by 20% in the past day, currently trading at $1.60, though it’s still down by over 45% from its all-time high of…
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Pi Network
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Ben Gagnon, Bitfarms’ Chief Executive Officer, shared his thoughts on how new geopolitical challenges from the Trump administration would impact the Bitcoin mining industry. Gagnon said during a Bloomberg TV interview on March 11 that both the US and Canada…
BTC
Bitcoin
News
Miners have no choice but to sell more Bitcoin during the current downturn, adding to the selling pressure from the recent disappointment that the government won’t buy new Bitcoin for the reserve, plus macroeconomic uncertainty due to tariffs. According to…
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Bitcoin
News
Nasdaq-listed Bitcoin mining firm CleanSpark has announced its upcoming inclusion in the S&P SmallCap 600 index. CleanSpark, one of the largest Bitcoin (BTC) mining companies in the world, revealed this via press release on Mar. 10. According to the news…
BTC
Bitcoin
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Shares of HIVE Digital jumped following the company’s announcement of a 23% year-over-year rise in Bitcoin reserves. Canadian crypto mining company HIVE Digital has released its February production results, revealing that its Bitcoin (BTC) holdings increased by more than 20%…
BTC
Bitcoin
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The recent crypto market downturn has created a prime buying opportunity for Bitcoin mining stocks, according to H.C. Wainwright & Co. analyst Mike Colonnese. In a research note to investors dated March 4, Colonnese argued the sharp pullback in Bitcoin…
BTC
Bitcoin
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Belarusian President Aleksandr Lukashenko has directed newly appointed officials to prioritize energy infrastructure improvements and explore domestic cryptocurrency mining, citing an excess electricity supply and rising demand. Speaking to newly appointed Energy Minister Aleksei Kushnarenko, Lukashenko stressed the need to…
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Bitcoin mining firm MARA Holdings, formerly known as Marathon Digital, reported a decline in Bitcoin production for February, down month-over-month due to higher network difficulty and fewer operational days. MARA Digital‘s Bitcoin (BTC) production dropped 6% month-over-month in February due…
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Bitcoin
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Core Scientific names former Morgan Stanley banker as new CFO after bankruptcy exit. Bitcoin (BTC) mining giant Core Scientific has appointed former investment banker Jim Nygaard as its new chief financial officer following the company’s emergence from Chapter 11 bankruptcy.…
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Bitcoin
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Argo Blockchain shares surged 16% after the company signed a non-binding term sheet for up to $40 million in senior secured convertible loans. Argo Blockchain shares surged over 15% after securing a funding deal of up to $40 million in…
BTC
Bitcoin
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Stronghold Digital Mining, Inc. announced that its stockholders have overwhelmingly approved the proposed merger with Bitfarms Ltd. At a special meeting, approximately 99.6% of votes cast favored the merger, representing about 54.5% of Stronghold’s outstanding shares. Bitfarms’ stock was seen trading…
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Bitdeer’s shares rose 0.6% after hours as the crypto miner invested $4 million in Bitcoin despite falling prices. Cryptocurrency mining firm Bitdeer has acquired millions in Bitcoin (BTC) as the cryptocurrency keeps trading lower from its all-time high which was…
BTC
Bitcoin
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