The cryptocurrency crash is putting bitcoin miners in a squeeze, pushing down their company shares. Investors have been dumping the stocks in response to the crypto mining companies’ falling profits and high fixed costs. Bitcoin mining is the highly capital-intensive process of running the program that keeps the Bitcoin Network...
Bitfarms’ current bitcoin holdings stand at 3,349 BTC, down from more than 6,000 BTC in May The firm used some of the cash to pay off bitcoin-backed loans from Galaxy Digital Bitfarms has ditched its “hodling” strategy and begun selling its mined bitcoin (BTC) to pay off loans and shore...
On June 21, Bitfarms, an Argentinean cryptocurrency mining company operating in Canada, announced an adjustment to its HODL strategy so as to improve the company’s liquidity. According to a press release, the company sold a total of 3,000 Bitcoin (BTC) over the last week for approximately US$63 million to improve...
