On October 1, 2024, Bitfarms Ltd., a global leader in Bitcoin data center operations, filed a report with the Canadian Securities Regulatory Authorities and the United States Securities and Exchange Commission, detailing significant updates for September 2024. The company announced it had mined 217 BTC in September, increasing its holdings to 1,147 BTC, and achieved its end-of-year efficiency target of 21 watts per terahash (w/TH) ahead of schedule. Bitfarms also reported a hosting agreement with Stronghold Digital Mining to deploy 10,000 Bitmain T21 miners, which is expected to add approximately 2.2 EH/s to its operational capacity. Furthermore, Bitfarms settled an agreement with Riot Platforms and rescheduled its Special Meeting of Shareholders to November 20, 2024. CEO Ben Gagnon highlighted the company's progress towards reaching a 21 EH...Show More

On October 1, 2024, Bitfarms Ltd., a global leader in Bitcoin data center operations, filed a report with the Canadian Securities Regulatory Authorities and the United States Securities and Exchange Commission, detailing significant updates for September 2024. The company announced it had mined 217 BTC in September, increasing its holdings to 1,147 BTC, and achieved its end-of-year efficiency target of 21 watts per terahash (w/TH) ahead of schedule. Bitfarms also reported a hosting agreement with Stronghold Digital Mining to deploy 10,000 Bitmain T21 miners, which is expected to add approximately 2.2 EH/s to its operational capacity. Furthermore, Bitfarms settled an agreement with Riot Platforms and rescheduled its Special Meeting of Shareholders to November 20, 2024. CEO Ben Gagnon highlighted the company's progress towards reaching a 21 EH/s hashrate and doubling its operating capacity by 2025. Despite a 1.2% increase in Bitcoin difficulty, Bitfarms' September operations generated 217 BTC, a decrease from 233 BTC in August and 411 BTC year-over-year. The company sold 173 BTC as part of its treasury management, resulting in proceeds of $10.5 million and total liquidity of $146 million, including $73 million in cash. The report also mentioned the settlement of an employment dispute with the former CEO and outlined upcoming conferences and events.