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Bitfarms will shut down its Bitcoin mining operations over the next two years and gradually convert them into AI-focused high-performance computing data centers. Summary Bitfarms will shut down its Bitcoin mining operations by 2027 and convert its sites into AI-focused data centers. The Washington site will support up to 190 kilowatts per rack using Nvidia … Read more
Canadian Bitcoin mining company Bitfarms secured up to $300 million in private debt from Australian multinational investment firm Macquarie to fund its data center development. Bitfarms has reached an initial agreement for a private debt facility of up to $300 million from Macquarie Equipment Capital to support its Panther Creek data center project in Pennsylvania. … Read more
H.C. Wainwright & Co. analyst Mike Colonnese has added Bitfarms stock to the firm’s top picks in the Bitcoin mining sector for 2025, citing strong operational improvements and a shift toward high-performance computing and AI infrastructure. In a research note following Bitfarms’ Q4 2024 earnings report and conference call, Colonnese said the market is “significantly … Read more
Key Takeaways Bitfarms acquired Stronghold Digital Mining, securing a 1.1 GW growth pipeline in Pennsylvania. The acquisition increases Bitfarms’ energy portfolio to 623 Megawatts Under Management. Share this article Bitcoin mining firm Bitfarms announced today it had completed its acquisition of Stronghold Digital Mining, securing a 1.1 gigawatt growth pipeline across three sites in Pennsylvania … Read more
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 higher by around 6% Friday morning as investors are betting the current price undervalues the … Read more
HIVE Digital has signed a multi-million deal to acquire a 200 MW mining site in Paraguay, with plans to achieve 25 EH/s by September. Canadian Bitcoin (BTC) mining giant HIVE Digital is set to acquire Bitfarms‘ 200 MW hydro-powered mining site in Paraguay, boosting its mining power to 25 EH/s by September. The power pump … Read more
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