Welcome to our dedicated page for Bitfarms news (Ticker: BITF), a resource for investors and traders seeking the latest updates and insights on Bitfarms stock.
Bitfarms Ltd., now Keel Infrastructure Corp., operates as a North American digital infrastructure and energy company focused on data centers and energy infrastructure for high-performance computing workloads, including artificial intelligence. Company updates cover infrastructure development, power and data-center build-outs, operating and financial results, and leadership additions tied to HPC/AI infrastructure expansion.
News also documents Keel Infrastructure's completed U.S. redomiciliation and rebrand, shareholder voting matters, governance changes, capital-structure updates, and capital actions such as normal course issuer bid activity. The company's recurring disclosures center on the shift from crypto-linked infrastructure toward large-scale compute infrastructure and related energy assets.
Bitfarms, a Bitcoin mining company, is set to showcase its operations at the Benzinga Crypto Festival on August 31 - September 1, 2021. Chief Mining Officer Ben Gagnon will present on September 1 at 1:30 pm ET and join a panel discussion addressing profit opportunities in crypto mining at 2:50 pm ET. Bitfarms powers approximately 1.1% of the Bitcoin network using over 99% green hydroelectricity. The company, traded on both Nasdaq (BITF) and TSX-V (BITF), invites investors to register for the events through their website.
Bitfarms, a leading Bitcoin mining company, announced its participation in the Sequire Blockchain Conference on July 15, 2021, at 4:00 PM ET. The company currently powers approximately 1.5% of the Bitcoin network using over 99% hydroelectricity. Chief Mining Officer Ben Gagnon will present the company’s latest updates. Interested investors can register to attend the virtual event, and a recorded version will be available on their website shortly after. Founded in 2017, Bitfarms is known for its sustainable mining practices and operates five large-scale facilities in Canada.
Bitfarms, a leading Bitcoin mining company, announced a production update as of July 12, 2021, reporting the mining of 1,515 Bitcoin year-to-date. In the first six months of 2021, it mined 1,357 Bitcoin, the highest among North American publicly traded miners. The company deposited 1,445 Bitcoin into custody, with a record of 265 Bitcoin mined in June. Following a significant difficulty drop in the Bitcoin network, Bitfarms expects to produce over 400 Bitcoin in July. Additionally, the company granted 50,000 RSUs to its executive team.
Mathieu Vachon has filed an early warning report regarding his holdings in Bitfarms, citing a Share Dilution affecting his 8,434,403 common shares. Initially, he controlled around 14.7% of the outstanding shares in 2019, but this has decreased significantly. Bitfarms' issued shares rose from approximately 57 million to nearly 113 million since Vachon's initial stake. After trading activities, Vachon’s current ownership represents about 7.5% of total shares. This report complies with National Instrument 62-103 and is filed on SEDAR.
Bitfarms Ltd. (BITF, BFARF) has successfully closed a private placement offering, raising approximately CAD$20 million by selling 8,888,889 common shares at CAD$2.25 each, along with associated warrants. The exercise price for these warrants is CAD$2.75, valid for three years. The funds will primarily be used to acquire more miners, expand infrastructure, and enhance working capital. H.C. Wainwright & Co. acted as the exclusive placement agent and received an 8.0% cash commission and broker warrants as compensation.