2023-1-13 18:49 |
Bitfarms Ltd, a global organization that mines bitcoin, is lowering the debt of one of its wholly-owned corporate subsidiaries.
Similar to Notcoin - TapSwap on Solana Airdrops In 2024
|
The miner is trying to improve its liquidity during the crypto bear market.
2022-11-15 20:52 | |
|
|
Canadian cryptocurrency mining business Bitfarms has sold more than $62 million in Bitcoin in June, using the proceeds to settle its debt. About 3,000 Bitcoins, or roughly 47% of Bitfarms' total holdiThe post Bitcoin: The cost of maintaining this firm's HODL strategy? 3K BTCs... appeared first on AMBCrypto.
2022-6-23 11:00 | |
|
|
The miner sold 3,000 BTC in the past week to reduce its Galaxy credit facility. It also closed an NYDIG equipment-financing loan.
2022-6-22 16:43 | |
|
|
BitFarms used high-interest-rate debt with large balloon payments to expand operations. Now it may struggle to pay off its debt, according to CoinDesk Research.
2020-7-28 19:06 | |
|
|
| Analogue Notcoin - TapSwap |
Bitfarms, a bitcoin mining firm, has confirmed hiring a new CEO, Geoff Morphy.
The company still holds a large treasury and ramped up its infrastructure through a $14 million bitcoin sale and dumping over 30 million shares onto the market.
As June monthly production updates roll out over the next week, Core Scientific and Bitfarms have both sold nearly 50% or more of their bitcoin treasuries.
Канадская публичная майнинговая компания Bitfarms внесла коррективы в стратегию хранения добытых биткоинов с целью "повышения ликвидности и укрепления баланса". Согласно пресс-релизу, за последнюю неделю фирма продала в общей сложности 3000 BTC примерно на $62 млн, а также погасила кредит на покупку оборудования от NYDIG на сумму $37 млн.
The trend of falling hash price will force weaker miners to unplug, find more efficient energy sources and/or sell off machines or bitcoin holdings.
Five public miners produced a total of 1,475 bitcoin in November, worth nearly $80 million.