Bitfarms: There are no plans to purchase large mining machines in the next two years; in April, the Bitcoin treasury holdings decreased to 1,005 coins

2025-05-04 23:10:22

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ChainCatcher news, Nasdaq-listed Bitcoin mining company Bitfarms officially released its production and operational update report for April, which disclosed that there are no plans to purchase large Bitcoin mining machines in 2025 or 2026. Instead, it will use previously acquired machines to achieve this year's growth targets, prioritizing the development of high-performance computing (HPC) business and expanding its energy infrastructure rather than pursuing new hardware.

In addition, Bitfarms disclosed that its mining output for April was 268 BTC (an average daily mining output of 8.9 BTC), and its Bitcoin treasury holdings decreased to 1005 BTC, down from 1140 BTC last month, which is approximately equivalent to 94 million USD based on the Bitcoin price as of April 30.

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