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Bitfarms ( (TSE:BITF) ) just unveiled an update.
Bitfarms Ltd. announced its operational updates for February 2025, highlighting a 6% increase in operational hashrate to 16.1 EH/s. The company is set to finalize the acquisition of Stronghold Digital Mining and the sale of its Yguazu site by Q1 2025, which is expected to enhance its energy portfolio and position it as a North American energy and compute infrastructure leader. Additionally, Bitfarms appointed Craig Hibbard as SVP of Infrastructure to oversee its expanding PJM portfolio and HPC/AI business. These strategic moves are anticipated to optimize performance and support growth in the U.S. and Argentina.
More about Bitfarms
Bitfarms Ltd. is a global Bitcoin and vertically integrated data center company. It focuses on providing energy and compute infrastructure suitable for high-performance computing (HPC), artificial intelligence (AI), and Bitcoin mining.
YTD Price Performance: -27.95%
Average Trading Volume: 43,336,857
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $532.7M
For detailed information about BITF stock, go to TipRanks’ Stock Analysis page.