Bitfarms


Markets

Bitcoin miners HIVE, Bitfarm and Bitdeer downgraded as analyst warns on AI shift

KBW's Stephen Glagola said that turning business models toward AI and HPC may take longer to pay off than the market expects.

Bitcoin mining machines (Shutterstock, modified by CoinDesk)

Finance

Bitcoin miner Bitfarms exiting Latin America with $30M sale of Paraguay site

The company is selling the site to the Sympatheia Power Fund, managed by Singapore-based Hawksburn Capital.

Bitcoin mining machines (Shutterstock, modified by CoinDesk)

Markets

Debt-Fueled AI Pivot Puts Bitcoin Miners to the Test

Record debt and convertible note issuances signal a strategic shift as miners chase growth beyond bitcoin, but execution risk and revenue generation now take center stage.

CoinDesk

Markets

Bitcoin Network Hashrate Took Breather in First Two Weeks of October: JPMorgan

The total market cap of the 14 U.S.-listed bitcoin miners that the bank covers rose 41% from the end of last month to a record $79 billion.

Bitcoin mining machines (Shutterstock, modified by CoinDesk)

Markets

Bitfarms Launches $300M Convertible Note Offering, Shares Drop Pre-Market

Bitfarms share price has soared over 315% year to date, due to AI/HPC pivot.

Bitfarms Share Price (TradingView)

Markets

Bitcoin Rebounds Above $123K as Miners Rally; VanEck Sees $644K BTC Amid Gold Gains

The gold rally may need to cool before bitcoin could really gain momentum, suggested another analyst.

Bitcoin (CoinDesk)

Markets

Bitcoin Miner IREN Jumps 9% After Securing New Multi-Year AI Cloud Contracts

AI and HPC stocks are moving higher again, with IREN, Bitfarms, and Hive Digital extending their rally on rising GPU and cloud momentum.

CoinDesk

Markets

Bitcoin Miners' Market Cap Hit a Record in September: JPMorgan

The average network hashrate rose 9% to an average of 1,031 EH/s last month, according to the bank.

Bitcoin mining machines (Shutterstock, modified by CoinDesk)

Markets

Galaxy, Circle, Bitfarms Lead Crypto Stock Gains as Bitcoin Vehicles Metaplanet, Nakamoto Plunge

The sharp moves happened amid a relatively muted action in the broader crypto market, with bitcoin modestly up above $114,000.

Galaxy Digital CEO Mike Novogratz (Danny Nelson/CoinDesk)

Finance

Bitcoin Miner Bitfarms Jumps 8% on Share Buyback Program

The company CEO called the stock undervalued, with an "underappreciated" bitcoin business and little to no value being applied to the firm's high-performance computing potential.

Bitfarms facility in Saint-Hyacinthe, Quebec, Canada.  (CoinDesk archives)