– Increased hashrate 97% Y/Y to 12.8 EH/s – – Improved efficiency 40% Y/Y to 21 w/TH — Earned 2,914 BTC for full-year 2024 — Expanded operational MW 35% Y/Y to 324MW — Acquisition of Stronghold Digital Mining on track to close in Q1 2025 –
This news release constitutes a “designated news release” for the purposes of the Company’s second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023.
TORONTO, Ontario and BROSSARD, Québec, Jan. 02, 2025 (GLOBE NEWSWIRE) — Bitfarms Ltd. (NASDAQ/TSX: BITF), a global leader in vertically integrated Bitcoin data center operations, today issued its latest monthly production report. All financial references are in U.S. dollars.
CEO Ben Gagnon stated, “2024 was a transformative year for Bitfarms. While we did not meet our original growth targets, we accomplished a tremendous amount during the year. We doubled our hashrate and improved efficiency by 40%, upgraded
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