Bitfarms Reaches 7 EH/s with Completion of Fleet Upgrade at Garlock and Farnham Facilities
Bitfarms Ltd. (BITF)
Company Research
Source: GlobeNewswire
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, April 12, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin mining company, today announced the completion of its first two farm upgrades with over 5,000 Bitmain T21 miners installed and operating in Québec. “Our Bitmain miner installations kickstart our transformative fleet upgrade and have improved energy efficiency by approximately 51% at both our Garlock and Farnham farms,” said Geoff Morphy, President and CEO of Bitfarms. “The 51% improvement in site energy efficiency demonstrates the transformative nature of our upgrade plan and how well it positions Bitfarms leading into and after the upcoming halving event.” Upgrade Highlights: At Garlock, the Company installed 3,168 T21s.At Farnha
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News
- Bitfarms Provides April 2024 Production and Operations Update [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Bitfarms Provides April 2024 Production and Operations Update [Yahoo! Finance]Yahoo! Finance
- Bitfarms Provides April 2024 Production and Operations UpdateGlobeNewswire
- Bitfarms: Efficiency Deserves A Price Premium [Seeking Alpha]Seeking Alpha
- Bitfarms Schedules First Quarter 2024 Conference Call on May 13, 2024 [Financial Post (Toronto, Ontario, Canada)]Financial Post
BITF
Sec Filings
- 5/1/24 - Form 6-K
- 4/26/24 - Form 6-K
- 4/22/24 - Form S-8
- BITF's page on the SEC website