Summary by Futu AI
On April 1, 2024, Bitfarms Ltd., a global Bitcoin mining company, filed a material change report with the Canadian Securities Regulatory Authorities and the United States Securities and Exchange Commission. The report, which is part of the company's regular disclosure, included a press release detailing Bitfarms' production and operations update for March 2024. The company earned 286 BTC in March, a slight decrease from February's 300 BTC, attributed to various factors including grid-stabilizing curtailment programs and power plant maintenance. Despite these challenges, Bitfarms is undergoing a significant upgrade and expansion plan, aiming to achieve 21 EH/s and improve energy efficiency to 21w/TH by the end of 2024. The plan includes the acquisition of 87,796 new miners, which will help the company reach its hashrate...Show More