Bitfarms to buy additional miners to reach 21 EH/s in 2024 [Seeking Alpha]
Bitfarms Ltd. (BITF)
Company Research
Source: Seeking Alpha
Shares of BITF fell 9.7% in early trading. The company added it had exercised its previously announced purchase option for 28,000 Bitmain T21 miners. According to BITF, the miners are scheduled to be delivered in 2024 and will be sufficient to reach 21 EH/s in 2024 without a redeployment of older miners. "With Bitcoin achieving new all-time high prices and having already confirmed the tremendous performance from our T21 miners currently running, Bitfarms acted quickly to secure additional T21 and S21 miners before anticipated hardware price increases," BITF said. Recommended For You Recommended For You Related Stocks Trending Analysis Trending News
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BITF
News
- Bitfarms Schedules First Quarter 2024 Conference Call on May 13, 2024 [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Bitfarms Schedules First Quarter 2024 Conference Call on May 13, 2024GlobeNewswire
- Bitfarms Ltd. (NASDAQ: BITF) is now covered by analysts at Northland Securities. They set an "outperform" rating and a $4.00 price target on the stock.MarketBeat
- How a Jack Dorsey-backed bitcoin miner uses a volcano in Kenya to turn on the lights in rural homes [CNBC]CNBC
- CANADA STOCKS-TSX climbs as investors shake off Middle East jitters [Yahoo! Finance]Yahoo! Finance
BITF
Sec Filings
- 4/26/24 - Form 6-K
- 4/22/24 - Form S-8
- 4/17/24 - Form 6-K
- BITF's page on the SEC website