Bitfarms Ltd., a blockchain infrastructure company, mines for cryptocurrency coins and tokens in North America. The company owns and operates server farms comprising computers that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. It also provides electrician services to commercial and residential customers in Quebec, Canada. It also provides hosting of third-party mining hardware. The company was founded in 2017 and is headquartered in Toronto, Canada.
IPO Year:
Exchange: NASDAQ
Website: bitfarms.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
6/11/2024 | $4.00 → $5.00 | Overweight | Cantor Fitzgerald |
6/4/2024 | $4.00 | Buy | H.C. Wainwright |
12/14/2023 | $4.00 | Buy | B. Riley Securities |
5/19/2023 | $2.00 | Overweight | Cantor Fitzgerald |
- First U.S. large scale site; Increases U.S. footprint ~7x from 20 MW to 140 MW - - Strategically located in PJM Interconnection market, providing access to low-cost, flexible power -- Site well-suited for Bitcoin mining and HPC/AI - This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (TSX:BITF) ("Bitfarms"), a global vertically integrated Bitcoin data center company, entered into the definitive lease agreement and has assumed control of its newest
H.C. Wainwright & Co., LLC, a full-service investment bank dedicated to providing corporate finance, strategic advisory, and equity research coverage to public and private companies across multiple sectors and regions, is pleased to announce the following keynote speakers and Bitcoin Mining Panel as part of its 26th Annual Global Investment Conference, September 9-11, 2024 at the Lotte New York Palace Hotel. Vivek Ramaswamy, Founder, Roivant Sciences, Ltd. (NASDAQ:ROIV); Co-Founder, Strive Asset Management; Partner, QVT Financial LP; and former U.S. presidential candidate will deliver his keynote address at 4:00 p.m. Eastern Time on Monday, September 9. On Tuesday, September 10, preemin
- Expands and Rebalances Bitfarms Energy Portfolio to Approximately 50% in the U.S. by YE 2025, Consistent with Strategic Plan - - Provides Clear Path to 950 MW Active Power Capacity - - Adds 4.0 EH/s to Bitfarms' Hashrate with Expansion Capacity of Potentially Over 10 EH/s with Fleet Refresh - - Vertically Integrates into Power Generation with 165 MW of Nameplate Generated Power Capacity - - Adds 142 MW of PJM Import Capacity with Long Term Expansion Potential up to 790 MW- - Conference Call at 8:30 AM ET to Discuss Transaction - This news release constitutes a "designated news release" for the purposes of Bitfarms' prospectus supplement dated March 8, 2024, to
Riot Platforms, Inc. ("Riot") issues this press release pursuant to Part 3 of Canadian National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues and Part 5 of Canadian National Instrument 62-104 – Take-Over Bids and Issuer Bids in respect of Bitfarms Ltd. ("Bitfarms" or the "Company"). Riot announces that on August 13, 2024 it acquired ownership of 1,000,000 common shares (the "Purchased Shares") of the Company representing approximately 0.22% of the issued and outstanding Common Shares (the "Common Shares") of the Company (based on the information contained in the Company's management's discussion and analysis for the three and six month
-CEO Ben Gagnon Appointed to the Board; Lead Director Brian Howlett appointed Independent Chairman--Co-Founder and Chairman Nicolas Bonta to Step Down--Seasoned Operating Executive Liam Wilson to Join as Chief Operating Officer- This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (TSX:BITF), a global vertically integrated Bitcoin data center company, today announced updates to its Board of Directors and Executive Team. Board of DirectorsBen Gagnon, Chief E
- Revenue of $42 million, down 16% Q/Q and up 17% Y/Y - - Gross mining margin of 51%, compared to 64% in Q1 2024 and 48% in Q2 2023 - - Current hashrate of 11.1 EH/s, up from 6.5 EH/s in Q1 2024 -- Current efficiency of 25 w/TH, a 26% improvement from Q1 2024 -- On track to achieve guidance of 21 EH/s and 21 w/TH in 2024 -- Increased MW capacity by 220 MW, bringing total to 648 and supporting over 35 EH/s in 2025 - - Special Committee concludes strategic alternatives review process - This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base sh
Riot Platforms, Inc. ("Riot") issues this press release pursuant to Part 3 of Canadian National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues and Part 5 of Canadian National Instrument 62-104 – Take-Over Bids and Issuer Bids in respect of Bitfarms Ltd. ("Bitfarms" or the "Company"). Riot announces that on August 2, 2024 it acquired ownership of 380,838 common shares (the "Purchased Shares") of the Company representing approximately 0.08% of the issued and outstanding Common Shares (the "Common Shares") of the Company (based on a report from the Company's transfer agent dated July 29, 2024). The Purchased Shares were acquired through
TORONTO, Ontario and BROSSARD, Québec, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (TSX:BITF), a global vertically integrated Bitcoin mining data center company, will report its second quarter 2024 financial results on Thursday, August 8th, before the market opens. Management will host a conference call on the same day at 8:00 am EST. All Q2 2024 materials will be available before the call and can be accessed on the ‘Financial Results' section of the Bitfarms investor site. Participants may join the live call by calling 888-506-0062 (domestic) or 973-528-0011 (international) and referencing access code 968924. If you do not have the code, you may reference the Bitfarms' Q2 2024 result
- Earned 253 BTC in July 2024 & Increased HODL to 1,016 BTC -- Increased Operational Hashrate to 11.1 EH/s - This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (TSX:BITF), a global vertically integrated Bitcoin mining data center company, provides its monthly production report and update on its fleet upgrade and expansion. All financial references are in U.S. dollars. "As we continue to execute on the fleet upgrade program, we are gaining market share and
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, July 26, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (TSX:BITF) ("Bitfarms" or the "Company"), a global Bitcoin vertically integrated company, today announced that it has been notified by the Toronto Stock Exchange (the "TSX") that the TSX will defer its consideration of the acceptance of the Company's shareholder rights plan (the "Rights Plan"), as announced on July 24, 2024, until: (i) such time as it is satisfied that the appropriate securities commission
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Cantor Fitzgerald resumed coverage of Bitfarms with a rating of Overweight and set a new price target of $5.00 from $4.00 previously
H.C. Wainwright initiated coverage of Bitfarms with a rating of Buy and set a new price target of $4.00
B. Riley Securities initiated coverage of Bitfarms with a rating of Buy and set a new price target of $4.00
Cantor Fitzgerald initiated coverage of Bitfarms with a rating of Overweight and set a new price target of $2.00
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6-K - Bitfarms Ltd (0001812477) (Filer)
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6-K - Bitfarms Ltd (0001812477) (Filer)
- Expands and Rebalances Bitfarms Energy Portfolio to Approximately 50% in the U.S. by YE 2025, Consistent with Strategic Plan - - Provides Clear Path to 950 MW Active Power Capacity - - Adds 4.0 EH/s to Bitfarms' Hashrate with Expansion Capacity of Potentially Over 10 EH/s with Fleet Refresh - - Vertically Integrates into Power Generation with 165 MW of Nameplate Generated Power Capacity - - Adds 142 MW of PJM Import Capacity with Long Term Expansion Potential up to 790 MW- - Conference Call at 8:30 AM ET to Discuss Transaction - This news release constitutes a "designated news release" for the purposes of Bitfarms' prospectus supplement dated March 8, 2024, to
- Revenue of $42 million, down 16% Q/Q and up 17% Y/Y - - Gross mining margin of 51%, compared to 64% in Q1 2024 and 48% in Q2 2023 - - Current hashrate of 11.1 EH/s, up from 6.5 EH/s in Q1 2024 -- Current efficiency of 25 w/TH, a 26% improvement from Q1 2024 -- On track to achieve guidance of 21 EH/s and 21 w/TH in 2024 -- Increased MW capacity by 220 MW, bringing total to 648 and supporting over 35 EH/s in 2025 - - Special Committee concludes strategic alternatives review process - This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base sh
TORONTO, Ontario and BROSSARD, Québec, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (TSX:BITF), a global vertically integrated Bitcoin mining data center company, will report its second quarter 2024 financial results on Thursday, August 8th, before the market opens. Management will host a conference call on the same day at 8:00 am EST. All Q2 2024 materials will be available before the call and can be accessed on the ‘Financial Results' section of the Bitfarms investor site. Participants may join the live call by calling 888-506-0062 (domestic) or 973-528-0011 (international) and referencing access code 968924. If you do not have the code, you may reference the Bitfarms' Q2 2024 result
- Earned 253 BTC in July 2024 & Increased HODL to 1,016 BTC -- Increased Operational Hashrate to 11.1 EH/s - This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (TSX:BITF), a global vertically integrated Bitcoin mining data center company, provides its monthly production report and update on its fleet upgrade and expansion. All financial references are in U.S. dollars. "As we continue to execute on the fleet upgrade program, we are gaining market share and
- Announces Adoption of New Shareholder Rights Plan -- Reiterates Commitment to Maximize Value for All Shareholders - This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, July 24, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (TSX:BITF) ("Bitfarms" or the "Company"), a global vertically integrated Bitcoin data center company, today issued the following statement in response to a decision by the Capital Markets Tribunal of the Ontario Securities Commission (the "Tribunal") to cease trade the Company's shareholder
- Revenue of $50 million, up 9% Q/Q and 67% Y/Y -- Gross mining margin of 59%, up from 52% in Q4 2023 & 41% in Q1 2023 -- Secured additional 24,000 miners in March, increasing total delivery to 88,000 in 2024 -- Current hashrate of 7.0 EH/s, up from 6.5 EH/s at year end -- On track to achieve guidance of 21 EH/s and 21 w/TH in 2024 - This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, May 15, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (TSX:BITF), a global Bitcoin vertically integrated com
TORONTO and BROSSARD, Québec, May 13, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (TSX:BITF), a global vertically integrated Bitcoin mining company, announces that it will report first quarter results on Wednesday, May 15, 2024, before the market opens. As a result, the conference call has been rescheduled for the same day at 8:00 am ET. A presentation of the Q1 2024 results will be accessible before the call on the Investor website and can be accessed here. Participants may join by calling 877-545-0523 (domestic) or 973-528-0016 (international) and referencing access code 878603. If you do not have the code, then you may reference the Bitfarms' Q1 2024 results conference call. The conference
TORONTO and BROSSARD, Québec, April 26, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (TSX:BITF), a global vertically integrated Bitcoin mining company, will report its first quarter 2024 financial results on Monday May13, 2024, before the market opens. Management will host a conference call on the same day at 8:00 am EST. A presentation of the Q1 2024 results will be accessible before the call on the Investor website and can be accessed here. Participants may join by calling 877-545-0523 (domestic) or 973-528-0016 (international) and referencing access code 878603. If you do not have the code, then you may reference the Bitfarms' Q1 2024 results conference call. The conference call will also b
- Earned 1,236 BTC in Q4 2023 and 4,928 BTC in 2023 -- Improved Q4 2023 gross mining margin to 52%, up from 38% in Q3 2023 -- Achieved debt-free goal in February 2024, enhancing financial flexibility -- Executing towards targets of 12 EH/s and 25 w/TH by end of Q2 2024 and 21 EH/s by end of 2024 - TORONTO, Ontario and BROSSARD, Québec, March 07, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (TSX:BITF), a global Bitcoin vertically integrated company, reported its financial results for the fourth quarter and year ended December 31, 2023. All financial references are in U.S. dollars. "In 2023, we set the foundation to drive significant growth through our transformational fleet upgrade and mining f
TORONTO and BROSSARD, Québec, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (TSX:BITF), a global vertically integrated Bitcoin mining company, will report its fourth quarter and full year 2023 financial results on Thursday, March 7, 2024 before the market opens. Management will host a conference call on the same day at 8:00am EST. A presentation of the Q4 2023 results will be accessible before the call on the Investor website and can be accessed here. Participants are asked to pre-register for the event through the following link:Q4 2023 Conference Call. Please note that registered participants will receive their dial-in number upon registration and will dial directly into the call
-CEO Ben Gagnon Appointed to the Board; Lead Director Brian Howlett appointed Independent Chairman--Co-Founder and Chairman Nicolas Bonta to Step Down--Seasoned Operating Executive Liam Wilson to Join as Chief Operating Officer- This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (TSX:BITF), a global vertically integrated Bitcoin data center company, today announced updates to its Board of Directors and Executive Team. Board of DirectorsBen Gagnon, Chief E
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, July 08, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (TSX:BITF), a global vertically integrated Bitcoin data center company, today announced that the Board of Directors has appointed Ben Gagnon Chief Executive Officer, effective immediately. He was previously Chief Mining Officer. "Ben is a seasoned leader with significant experience in Bitcoin mining, and we are thrilled to appoint someone of his caliber as the Company's next CEO," said Nicolas Bonta, Chair
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023 TORONTO, Ontario and BROSSARD, Quebec, June 27, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (TSX:BITF) ("Bitfarms" or the "Company"), a global Bitcoin vertically integrated company, today announced that its Board of Directors has unanimously approved the appointment of Fanny Philip to the Company's Board, effective immediately. With the appointment of Ms. Philip, Bitfarms' Board is now composed of five directors, four of whom are independent. Ms. Philip is a recognized expert in the blockchain
Riot Platforms, Inc. ("Riot") issues this press release pursuant to Part 3 of Canadian National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues and Part 5 of Canadian National Instrument 62-104 – Take-Over Bids and Issuer Bids in respect of Bitfarms Ltd. (the "Company"). Riot announces that on June 13, 2024 it acquired ownership of 1,432,063 common shares (the "Purchased Shares") of the Company representing approximately 0.35% of the issued and outstanding Common Shares (the "Common Shares") of the Company (as calculated based on the information most recently provided by the Company in its material change report dated June 10, 2024). T
Riot Platforms, Inc. ("Riot") issues this press release pursuant to Part 3 of Canadian National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues and Part 5 of Canadian National Instrument 62-104 – Take-Over Bids and Issuer Bids in respect of Bitfarms Ltd. (the "Company"). Riot announces that on June 5, 2024 it acquired ownership of 1,460,278 common shares (the "Purchased Shares") of the Company representing approximately 0.37% of the issued and outstanding Common Shares (the "Common Shares") of the Company. The Purchased Shares were acquired through normal course purchases on the Nasdaq Stock Market and other open market trades for a we
Riot Platforms, Inc. ("Riot") issues this press release pursuant to Part 3 of Canadian National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues and Part 5 of Canadian National Instrument 62-104 – Take-Over Bids and Issuer Bids in respect of Bitfarms Ltd. (the "Company"). Riot announces that on May 28, 2024 it acquired ownership of 3,002,350 common shares (the "Purchased Shares") of the Company representing approximately 0.75% of the issued and outstanding Common Shares (the "Common Shares") of the Company. The Purchased Shares were acquired through normal course purchases on the Nasdaq Stock Market and other open market trades for a we
- Geoff Morphy remains CEO while an executive search is conducted - - Company reiterates 2024 YE guidance of 21 EH/s and 21 w/TH - This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, March 25, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (TSX:BITF), a global vertically integrated Bitcoin mining company, today announces a CEO transition. L. Geoffrey Morphy, President, Chief Executive Officer and Director, will be departing upon completion of an executive search and will lead the Company during the interim. Mr.
TORONTO, Ontario and BROSSARD, Québec, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ:BITF, TSX:BITF), a global vertically integrated Bitcoin mining company, today announced that it has appointed Tracy Krumme as Senior Vice President, Head of Investor Relations. Ms. Krumme has more than 30 years of leadership experience in investor relations, financial communications, investment banking, and equity research. She has led investor relations at several public companies, including PPD, Inc. (now part of Thermo Fisher Scientific Inc.), Nuance Communications Inc. (now part of Microsoft Corp.), Luxoft (now part of DXC Technology Company), and NCR Corp, where she was instrumental in driv
- Governance and ESG expert joins as new independent director - This news release constitutes a "designated news release" for purposes of the Company's prospectus supplement dated August 16, 2021, to its short form base shelf prospectus dated August 12, 2021. TORONTO and BROSSARD, Québec, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ:BITF, TSX:BITF), a global Bitcoin self-mining company, appointed Edie Hofmeister to its board of directors, increasing the total number of board members to six. Edie Hofmeister has advised large and small multinational extractive companies on legal and ESG matters for over twenty years. Most recently she served as Executive Vice President Corporat
NEW YORK, March 17, 2022 /PRNewswire/ -- The fastest smart contracts platform on the blockchain, Avalanche Foundation just announced "Multiverse", an incentive program of up to $290 million (4 million AVAX tokens) to help grow "subnets" on its network. The incentive program aims to create scalable chains to support Defi, NFT, and blockchain games on Avalanche. With this launch, Avalanche competes with rivals Cosmos and Polkadot, blockchain operators that already offer similar functionality. Synergies between CeFi, DeFi, gaming, and NFTs provide a tremendous opportunity for WonderFi Technologies (NEO:WNDR) (OTCPK:WONDF), Coinbase Global (NASDAQ:COIN), Bit Digital Inc (NASDAQ:BTBT), DMG Blockc
Riot Platforms Inc (NASDAQ:RIOT) shares are trading lower Thursday. The company announced that Ontario Capital Markets Tribunal has cease traded Bitfarms Ltd’s (NASDAQ:BITF) poison pill. What Happened: Riot announced that it was successful in its application to the Ontario Capital Markets Tribunal to cease trade the shareholder rights plan (poison pill) implemented by Bitfarms’ board. “This ruling from the Tribunal in favor of Riot’s application is a win for all Bitfarms shareholders. The adoption of the off-market Poison Pill is yet another example of the broken corporate governance that plagues Bitfarms and of the ongoing attempts by the Bitfarms directors to entrench themselves. We
HC Wainwright & Co. analyst Mike Colonnese reiterates Bitfarms (NASDAQ:BITF) with a Buy and maintains $4 price target.
Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) rose sharply in today's pre-market trading. The company's CEO Devin Nunes issued the following statement in response to the attempted assassination of President Donald J. Trump, “I offer my deepest sympathies to the family of the rally goer killed in Butler, Pennsylvania, and to those who were wounded. I thank God President Trump survived the assassination attempt and is now safe.” Trump Media & Technology Group shares jumped 69.4% to $52.34 in pre-market trading. Here are some other stocks moving in pre-market trading. Gainers Phunware, Inc. (NASDAQ:PHUN) gained 53.8% to $8.97 in pre-market trading. Crown LNG Ho
HC Wainwright & Co. analyst Mike Colonnese reiterates Bitfarms (NASDAQ:BITF) with a Buy and maintains $4 price target.
Riot Platforms, Inc. (NASDAQ:RIOT) stock is trending on Monday. The company launched its ABetterBitfarms website Monday and last week released its Production and Operations Updates report for June. What To Know: The launch of website is apart of Riot’s efforts to call a special shareholders meeting for Bitfarms (NASDAQ:BITF) to reconstitute the company’s Board of Directors. Riot has already chosen three nominees for the board. These nominees would be voted on at the shareholders meeting and shareholders could have the chance to vote on the removal of current board members. The goal of the website is for Bitfarms’ stakeholders and employees to share their perspectives and learn more
Bitfarms Ltd (NASDAQ:BITF) shares are volatile Monday amid multiple developments. Here’s a look at what’s going on. What To Know: Bitcoin (CRYPTO: BTC) data center company Bitfarms announced Monday that it appointed Ben Gagnon as CEO, effective immediately. Gagnon previously served as chief mining officer of Bitfarms. “Over the last five years, Ben has been a vital member of the Bitfarms leadership team and has been instrumental in positioning the Company to drive organic growth and capture a greater share of the global demand for Bitcoin,” said Nicolas Bonta, chairman of Bitfarms. “We look forward to leveraging Ben’s insights and experience as the Company works to expand and diver
Website Will Allow Shareholders to Learn More About Bitfarms' Broken Corporate Governance, the Need for Urgent Board Change and Riot's Three Highly Qualified, Independent Director Nominees
Bitfarms Ltd. (TSX:BITF), a global vertically integrated Bitcoin data center company, today announced that the Board of Directors has appointed Ben Gagnon Chief Executive Officer, effective immediately. He was previously Chief Mining Officer. "Ben is a seasoned leader with significant experience in Bitcoin mining, and we are thrilled to appoint someone of his caliber as the Company's next CEO," said Nicolas Bonta, Chairman of the Board of Directors. "Over the last five years, Ben has been a vital member of the Bitfarms leadership team and has been instrumental in positioning the Company to drive organic growth and capture a greater share of the global demand for Bitcoin. We look forward to
Shares of Bitcoin mining companies, including Marathon Digital Holdings, Inc. (NASDAQ:MARA) and Riot Platforms, Inc. (NASDAQ:RIOT), are falling Friday as the price of Bitcoin dips below $56,000. The Details: Bitcoin has fallen nearly 12% over the past five days as investors watch the movement of a large amount of Bitcoin by Mt. Gox from a cold wallet to a new wallet, possibly in preparation for payouts to its creditors. Bitcoin’s open interest has plunged 7% in the last 24 hours. A fall in price combined with a fall in open interest is viewed by some analysts as a good sign because the downtrend might end once all long sellers have closed their positions. Read Next: Coinbase S