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Stock impact report

Bitfarms Provides April 2024 Production and Operations Update [Yahoo! Finance]

Bitfarms Ltd. (BITF) 
Company Research Source: Yahoo! Finance
- Expects VAT refund from Canada of US $23.7M - This news release constitutes a “designated news release” for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, May 01, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/ TSX: BITF), a global vertically integrated Bitcoin mining company, provides its monthly production report and update on its fleet upgrade and expansion. Fleet Upgrade Review With miner installations underway at Paso Pe and full site energization scheduled in May, the Company's transformative fleet upgrade and expansion plan is on schedule to deliver 21 EH/s and 21 w/TH in 2024. Ben Gagnon, Chief Mining Officer said, “In April, we fully upgraded two farms in Québec with Bitmain T21 miners, improving energy efficiency by 51% at those farms and 9% on a company-wide basis. Our miner upgrades are progressing at a rapid pace, with Bunker and C Show less Read more
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