Bitfarms Ltd (BITF) Q3 2024 Earnings Call Highlights: Strategic Expansion and Efficiency Gains ... [Yahoo! Finance]
Bitfarms Ltd. (BITF)
Company Research
Source: Yahoo! Finance
Bitfarms Ltd ( NASDAQ:BITF ) successfully upgraded 10 data centers and added three new ones, significantly increasing their hash rate by 83% to 11.9 X A hash. The company improved its efficiency by 40%, reaching its year-end efficiency goal three months ahead of schedule. Bitfarms Ltd ( NASDAQ:BITF ) announced the acquisition of Stronghold Digital Mining, marking the largest acquisition in the Bitcoin mining sector between two public companies. The company has a strategic growth plan to expand its megawatt pipeline from 324 megawatts to 950 by the end of 2025, with potential growth up to 1.6 gigawatts. Bitfarms Ltd ( NASDAQ:BITF ) is diversifying its portfolio beyond Bitcoin mining, exploring high-growth areas such as hosting, HPC, AI, and energy generation. Bitfarms Ltd ( NASDAQ:BITF ) experienced minor construction delays and shipping issues, impacting their ability to meet the mid-year hash rate target. The company reported a net loss of $37 million for Q3, an increase
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BITF
News
- Bitfarms Files Second Amended and Restated Prospectus Supplement for its Existing At-the-Market Equity Offering Program [Canadian Business Journal (Canada)]Canadian Business Journal
- Bitfarms Files Second Amended and Restated Prospectus Supplement for its Existing At-the-Market Equity Offering ProgramGlobeNewswire
- High Growth Tech Stocks To Watch For Potential Portfolio Boost [Yahoo! Finance]Yahoo! Finance
- Bitfarms Announces Restatement of Previously Issued Financial Statements [Canadian Business Journal (Canada)]Canadian Business Journal
- Bitfarms Announces Restatement of Previously Issued Financial StatementsGlobeNewswire
BITF
Sec Filings
- 12/20/24 - Form F-4/A
- 12/18/24 - Form SUPPL
- 12/18/24 - Form 6-K
- BITF's page on the SEC website