bitfarm

According to BBX data, as the second quarter kicks off, global enterprises are taking frequent actions in asset listing and rating infrastructure. The core data is as follows:2,000 spot purchases: Bitfarms (NASDAQ: $BITF) announced yesterday the completion of a $50 million structured debt financing provided by top private equity, which has been fully utilized before yesterday's market close to purchase approximately 2,000 BTC in the open market, further defending its ranking among North American mining companies.$15 million regular investment initiated: MicroAlgo (NASDAQ: $MLGO) announced before the market opened yesterday that the board has approved the establishment of a $15 million special fund for digital assets and officially launched the "Daily Investment (TWAP)" program yesterday, aimed at reducing the volatility risk of single-point purchases.Game ecosystem reserves: Roblox (NYSE: $RBLX) disclosed in its developer newsletter yesterday that it has converted 2% of its redundant cash on its balance sheet into ETH and AVAX. This move is not purely a financial investment but is intended to support the underlying liquidity for its next-generation creator economy's on-chain settlement.Rating giant enters the arena: S&P Global (NYSE: $SPGI) released the "Corporate Bitcoin Treasury Index (CBTX)" yesterday. This index specifically tracks globally listed companies with more than 1% BTC exposure on their balance sheets, marking the formal inclusion of "crypto treasuries" into mainstream financial measurement standards by traditional rating agencies.Computing power completely restructured: Northern Data (XETRA: $NB2) announced yesterday that it has divested its last portion of traditional cloud storage business, declaring that starting from the second quarter, 100% of the company's energy and computing power will solely serve AI rendering and the absolute accumulation of its internal BTC treasury.

The Nasdaq-listed Bitcoin mining company Bitfarms disclosed a revenue of $229 million for the fiscal year 2025, a year-on-year increase of 72%, but a net loss from continuing operations of $209 million.As of March 27, its cash and Bitcoin liquidity was approximately $520 million, and it announced that it has received shareholder approval to complete its relocation to the United States and rename itself as Keel Infrastructure as early as April 1, 2026, with the stock ticker expected to change to KEEL.The company also plans to "timely" sell approximately 2,400 Bitcoins, valued at about $161 million, to invest in HPC and AI infrastructure construction, further diminishing its positioning as a pure Bitcoin mining company.

The Nasdaq-listed Bitcoin mining company Bitfarms announced that it will relocate its headquarters from Canada to the United States, and it will also be renamed Keel Infrastructure. The related matters must be approved by shareholders, the stock exchange, and the court. It is reported that Keel Infrastructure will be a company established under the laws of Delaware, and after the change of registered office is completed, its common stock will trade on the updated Nasdaq and Toronto Stock Exchange.

According to The Block, Bitcoin mining company Bitfarms Ltd. has agreed to sell its remaining Latin American operations, marking its complete exit from the regional market as the company refocuses its strategic priorities on North America and energy and data center infrastructure related to artificial intelligence and high-performance computing.The company announced in a press release on Friday that it has reached a final agreement with the Singapore-based crypto infrastructure fund Sympatheia Power Fund, managed by Hawksburn Capital, to sell its 70-megawatt Paso Pe mine in Paraguay for up to $30 million. Under the terms of the deal, Bitfarms will receive $9 million in cash at closing (including a $1 million non-refundable deposit already paid) and up to an additional $21 million over the next 10 months based on post-closing milestone conditions.Management stated that this sale effectively realizes the expected free cash flow from the mine over the next two to three years. Bitfarms CEO Ben Gagnon noted that the proceeds from the sale will be reallocated to North American high-performance computing and artificial intelligence energy infrastructure starting in 2026, marking the official completion of the company's multi-year plan to scale back its Latin American operations.This sale fully concentrates Bitfarms' energy asset portfolio in North America, including 341 megawatts of operational capacity, 430 megawatts of capacity under construction in the U.S., and a total of approximately 2.1 gigawatts of long-term project reserves in the region. Bitfarms is continuously transitioning from a geographically dispersed Bitcoin mining business to domestic energy assets in the U.S. that can support artificial intelligence and high-performance computing workloads. The company began signaling its transformation in mid-2025, emphasizing the higher return prospects brought by the growing demand for high-energy data centers, and subsequently announced plans to convert some of its mines into artificial intelligence infrastructure.

According to Globenewswire, Nasdaq-listed Bitcoin mining company Bitfarms announced that it has signed a definitive purchase agreement with the Sympatheia Power Fund (SPF), a cryptocurrency infrastructure fund managed by Singapore's Hawksburn Capital, to sell its Paso Pe mining facility for $30 million (expected to receive $9 million in cash in the first quarter of this year, with the remaining $21 million to be received within 10 months after closing).This transaction marks Bitfarms' official exit from the Latin American market.

ETF issuer Defiance has announced the launch of the exchange-traded fund Defiance Daily Target 2X Long BITF ETF (BTFL), which tracks the Bitcoin mining company Bitfarms. It is primarily aimed at traders looking to amplify short-term bullish returns on Bitfarms, with the goal of achieving 200% of the daily price movement of Bitfarms' stock as a return.

According to Cointelegraph, Bitfarms' stock price plummeted on Thursday after the company announced it would shut down its Bitcoin mining operations over the next two years and transform its facilities into artificial intelligence and high-performance data centers.The company stated on Thursday that its 18-megawatt Bitcoin mining facility in Washington State will be the first site fully converted to support AI and high-performance computing, expected to be completed by December 2026.Bitfarms CEO Ben Gagnon said, "Although the Washington site accounts for less than 1% of our overall developable assets, we believe that simply converting this site to GPU-as-a-Service could potentially generate net operating income that exceeds all the revenue we have generated from Bitcoin mining in the past."He added that this transformation will help the company gradually end its Bitcoin mining operations in 2026 and 2027.

Nasdaq-listed Bitcoin mining company Bitfarms released its Q3 2025 financial report, which disclosed that the mining output for the third quarter was approximately 520 BTC, while 185 BTC were sold. As of November 12, the company holds 1,827 Bitcoins, with total liquidity reaching approximately $814 million, which includes about $637 million in cash, in addition to the unpledged and unsold Bitcoins.

ChainCatcher news, Nasdaq-listed Bitcoin mining company Bitfarms announced that it has completed the issuance of convertible preferred notes maturing in 2031, with a total principal amount of $588 million. After deducting discounts and commissions for initial purchasers and estimated issuance costs, the net fundraising amount is approximately $568 million, which is intended to advance its high-performance computing/artificial intelligence infrastructure development in North America.

ChainCatcher news, Bitcoin miner Bitfarms Ltd. (stock code BITF) announced that it has set the pricing for its $500 million convertible preferred notes due in 2031, with a coupon rate of 1.375%.At the same time, Bitfarms granted the initial purchasers of the convertible notes an option to purchase up to an additional $88 million in principal amount of convertible notes within 13 days from the initial issuance date of the convertible notes (inclusive of that date). The size of this issuance has been increased from the previously announced $300 million. Subject to the satisfaction of customary closing conditions, the issuance is expected to close around October 21, 2025.

ChainCatcher news, Bitcoin mining and digital infrastructure company Bitfarms Ltd. is planning to issue a batch of convertible bonds to raise $300 million. These convertible bonds can be converted into cash, common stock of the company, or a combination of both at Bitfarms' option.The bonds are unsecured, maturing in 2031, and will pay interest semi-annually starting from July 2026. Bitfarms stated that the raised funds will be used for general corporate purposes, including "capped option trading" to hedge against equity dilution from the bond conversion. The company plans to reach private agreements with some bond purchasers to cap dilution at a premium level of approximately 125% of the current stock price.

ChainCatcher news, after accelerating the sale of stocks in recent weeks, Riot Platforms has significantly reduced its stake in competitor Bitcoin mining company Bitfarms, culminating on Monday with the sale of 11 million shares. According to securities filing documents, Riot sold over 11.1 million shares of Bitfarms stock on August 18 at an average price of $1.36 per share, totaling approximately $15.1 million. This move has reduced its ownership stake to below 5%, eliminating the need for public disclosure.As of 2025, Riot has sold about 71.5% of the 90 million shares of Bitfarms stock accumulated last year, which is approximately 64.4 million shares, at an average selling price of $1.11 per share, generating $71.3 million in revenue. Riot's average cost basis when building its position in 2024 was $2.24 per share, meaning this divestment has resulted in significant losses compared to its initial investment.The sale on August 18 was Riot's largest single-day transaction in months, far exceeding its previous daily sales volume, which typically ranged from several hundred thousand to 4 million shares.

ChainCatcher news, according to The Miner Mag, Canadian Bitcoin mining company Bitfarms has signed agreements to purchase 3 acres of land in Washington State for $1.9 million and 181 acres of land in Pennsylvania for $3.5 million for potential high-performance computing (HPC) development.Meanwhile, the company has decided to close its Bitcoin mining facility in Argentina due to power supply interruptions caused by the debt restructuring of energy supplier Generacion Mediterranea S.A. (GMSA) since May 12. Bitfarms has reached an agreement with GMSA to recover $3.5 million in energy deposits in installments over 18 months starting in January 2026 and to cancel the $2.8 million asset retirement obligation related to leasing land in the country.

ChainCatcher news, according to The Block, Bitcoin miner Bitfarms reported a 87% year-over-year increase in revenue for the second quarter, reaching $78 million. The company plans to relocate to the United States, benefiting from President Trump's strong support for cryptocurrencies and artificial intelligence.Bitfarms currently has 82% of its energy portfolio located in North America, including multiple locations in the United States and a facility in Quebec, Canada. The company plans to cease its mining operations in Argentina due to economic uncertainty in the region.Additionally, Bitfarms has initiated a stock buyback program, having repurchased 4.9 million shares as of August 8, at an average price of $1.24 per share.

ChainCatcher news, according to GlobeNewswire, the U.S. listed Bitcoin mining company Bitfarms released its financial performance report for the second quarter ending June 30, 2025, which disclosed the establishment of a second major executive office in New York City and the initiation of a company stock buyback program.In the second quarter, the company sold 1,052 Bitcoins at an average price of $95,500, with total revenue of $100 million. The company's total income was $78 million, a year-on-year increase of 87%. As of August 11, 2025, the company holds 1,402 Bitcoins.

ChainCatcher news, the U.S. listed Bitcoin mining company Bitfarms has released its financial performance report for the second quarter ending June 30, 2025. The report reveals that the company has established a second main executive office in New York City and initiated a stock buyback program. In the second quarter, the company sold 1,052 Bitcoins at an average price of $95,500, generating total revenue of $100 million. The company's total revenue reached $78 million, a year-on-year increase of 87%. As of August 11, 2025, the company holds 1,402 Bitcoins.

According to ChainCatcher news, as reported by The Miner Mag, Bitcoin mining company Riot Platforms has continued to sell its shares in competitor Bitfarms since June 7, with an additional sale of 6.5 million shares, generating a total revenue of 5.67 million dollars. According to disclosures from the U.S. Securities and Exchange Commission (SEC), the average selling price of the latest batch of shares was 0.85 dollars per share. This sale follows a round of liquidation from May 27 to June 6, during which Riot sold 8.85 million shares at an average price of 0.97 dollars per share. Since the end of May, the company has sold a total of 15.36 million shares of Bitfarms, generating approximately 14.2 million dollars.Despite the ongoing reduction, Riot remains one of the largest shareholders of Bitfarms. As of June 20, it still holds 13.4% of the company's outstanding shares, down from over 14% before the latest sale. Riot initially built its position in Bitfarms during a failed acquisition attempt in 2024, accumulating approximately 90 million shares at a weighted average cost of 2.24 dollars per share. The recent sale represents only a small portion of that position but was conducted at a price far below Riot's original purchase price, highlighting the financial losses associated with the strategic retreat.

ChainCatcher news, according to CoinDesk, American Bitcoin mining company Riot Platforms sold 1.75 million shares of Bitfarms on the open market on June 9, cashing out $1.58 million at an average price of about $0.90 per share, reducing its stake to 14.3%.This reduction is part of an investment review following a previous unsuccessful acquisition attempt. Riot stated that it will continue to evaluate its position in Bitfarms, with potential increases or decreases in the future depending on market and strategic changes.

ChainCatcher news, according to official sources, cryptocurrency mining company Bitfarms has released its Q1 2025 performance report. The company produced 693 BTC in Q1, with an average direct production cost of $47,800 per BTC and a total cash production cost of $72,300 per BTC, of which 428 bitcoins were sold in the first quarter.Bitfarms' total revenue for the first quarter was $67 million, a year-on-year increase of 33%, with a mining gross margin of 43%, down from 63% in Q1 2024.