Bitfarms, Stronghold Digital Mining to Deploy 10,000 Miners in Pennsylvania

November 2, 2024 Bitcoin.com

bitcoin.com

Bitfarms has partnered with Stronghold Digital Mining Hosting to deploy 10,000 miners at its Pennsylvania site, aiming to improve efficiency and expand its U.S. operations. Improved Efficiency Canada-based bitcoin miner Bitfarms has entered into a second miner hosting agreement with Stronghold Digital Mining Hosting. Bitfarms will deploy 10,000 miners at Stronghold’s Scrubgrass site. The miners, […]

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Bitfarms inks another 10,000 Bitcoin miner hosting agreement with Stronghold

November 1, 2024 Coin Telegraph

Bitcoin

The Bitcoin data center firm is deploying an additional 10,000 miners to Stronghold’s Scrubgrass site.

Crypto mining firm Bitfarms has signed its second hosting agreement with United States-based Stronghold Digital Mining to expand operations at its site in Pennsylvania.

Under the terms of the hosting agreement, the Bitcoin (BTC) data center operations firm will deploy an additional 10,000 miners to Stronghold’s Scrubgrass site. The mining hardware was originally expected to be used for its Yguazu site in Paraguay.

Bitfarms CEO, Ben Gagnon, said that optimizing company assets with these rapid upgrades at Stronghold’s Pennsylvania sites “will provide significant near-term value for Bitfarms.”

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Bitfarms inks another 10,000 Bitcoin miner hosting agreement with Stronghold

November 1, 2024 Coin Telegraph

Bitcoin

The Bitcoin data center firm is deploying an additional 10,000 miners to Stronghold’s Scrubgrass site.

Crypto mining firm Bitfarms has signed its second hosting agreement with United States-based Stronghold Digital Mining to expand operations at its site in Pennsylvania.

Bitfarms CEO, Ben Gagnon, said that optimizing company assets with these rapid upgrades at Stronghold’s Pennsylvania sites “will provide significant near-term value for Bitfarms.”

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Bitfarms, Riot settle dispute with board changes

September 23, 2024 Coin Telegraph

Bitfarms

Bitfarms’ board will see Andrés Finkielsztain step down, while Amy Freedman and a sixth member will join the board.

Bitcoin miners Bitfarms and Riot Platforms have reached a settlement that ends a months-long conflict over governance.

Andrés Finkielsztain will step down from Bitfarms’ board of directors as part of the settlement agreement. In addition, Amy Freedman will join the board, and Riot Platforms will withdraw its proposal for further board changes ahead of the upcoming special shareholder meeting.

According to a Sept. 23 announcement, the companies also agreed to a standstill arrangement lasting until 2026. Riot — which owns a substantial stake in Bitfarms — has agreed not to take any further hostile actions toward the company, including another takeover, increasing its stake above a certain threshold, or proposing changes to Bitfarms’ board.

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Bitcoin Miners Riot and Bitfarms Reach Settlement Ahead of Shareholder Meeting

September 23, 2024 Bitcoin.com

Amy Freedman

Riot Platforms and Bitfarms have resolved their dispute following a settlement agreement detailed in a joint announcement on Sept. 23, 2024. The agreement, which was filed with the U.S. Securities and Exchange Commission (SEC), comes ahead of Bitfarms’ special shareholder meeting on Nov. 6, 2024. Riot Withdraws Bid to Restructure Bitfarms’ Board in Settlement Deal […]

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Bitfarms accelerates 2.2 EH/s hosting agreement with Stronghold

September 14, 2024 Coin Telegraph

Bitcoin mining

According to Bitfarms, the mining hardware was originally scheduled to be deployed in Yguazu, Paraguay sometime in December 2024.

Mining company Bitfarms recently announced it entered into a hosting agreement with Stronghold Digital Mining to bring an additional 2.2 exhashes per second (EH/s) of computing power online during October 2024—two months ahead of schedule.

The agreement will add 10,000 Bitmain T21 miners to Bitfarms' Panther Creek facility in Pennsylvania and commence on October 1, 2024.

Ben Gagnon, CEO of Bitfarms, touched on the expansive potential of the company's sites in Pennsylvania and said the sites would be key to diversifying the company's business operations. Gagnon explained that the sites:

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Crypto Biz: Crypto fever hits wealth managers

September 14, 2024 Coin Telegraph

Bitfarms

This week’s Crypto Biz explores the launch of new crypto ETFs, CleanSpark’s acquisition of new mining sites, another round of conflict between Bitfarms and Riot, and more.

Wealth advisers are adopting Bitcoin exchange-traded funds at an unprecedented rate, faster than any previous ETF in history, according to Matt Hougan, chief investment officer at Bitwise.

The surge is primarily driven by financial advisers such as registered investment advisers and large firms like Morgan Stanley. BlackRock’s iShares Bitcoin Trust ETF alone has attracted $1.45 billion in flows from wealth managers.

Asset management firms are also looking to offer diversified exposure to blockchain technology. Over the past few days, State Street and Galaxy launched three new funds to provide alternative strategies for institutional investors.

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Bitfarms Hits Back at Riot Platforms’ Alleged Misleading Claims

September 6, 2024 Bitcoin.com

acquisition attempt

Bitcoin mining firm Bitfarms has responded to Riot Platforms’ allegedly misleading statements about a special meeting and potential acquisition. Bitfarms claimed that Riot refused to engage constructively and is attempting to buy Bitfarms at a discount for its own shareholders’ benefit. The board will review Riot’s proposal but shareholders do not need to take any […]

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Crypto Biz: Consolidation ramps up among crypto firms

August 23, 2024 Coin Telegraph

Bitfarms

This week’s Crypto Biz examines recent acquisitions in the crypto industry, Tether’s plans for a dirham stablecoin, and Polychain’s investment in the Bitcoin protocol Corn.

The crypto industry has seen increased consolidation in the past week as companies refine their strategies in anticipation of the growing adoption of blockchain-based solutions.

Asset manager Bitwise, for instance, has stepped into the European market with the acquisition of ETC Group. Meanwhile, crypto miner Bitfarms has announced a $125 million deal to purchase Stronghold Digital Mining at a considerable premium.

Deals have also been taking place among crypto startups, particularly those working at the intersection of blockchain and artificial intelligence. PIP Labs, for example, announced an $80 million funding round on Aug. 21 for the tokenization of intellectual property, bringing the startup’s valuation to $2.25 billion, according to Bloomberg.

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Bitfarms Reveals Leadership Changes Amid Ongoing Conflict With Riot Platforms

August 14, 2024 Bitcoin.com

Acquisition

Bitfarms Ltd. has announced significant changes to its board of directors and executive team as the company continues to navigate a takeover bid and governance dispute with Riot Platforms Inc. The latest leadership updates include the appointment of CEO Ben Gagnon to the board and the resignation of co-founder and chairman Nicolas Bonta. Bitfarms Restructures […]

Bitfarms

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