Thursday, November 18, 2021 11:41:56 AM
"...Today, we have a combined total of 10 farms in operation and development, with planed capacity of 404 megawatts and 48,000 miners slated for delivery in 2022. With our strengthened balance sheet and flexible capital plan, we are well positioned to reach our targeted exahash rate of 3 by March 31, 2022, and 8 by December 31, 2022....We've been actively looking at opportunities to buy companies and assets going back to last December. We only closed one of those transactions, and that was Washington for 24 megawatts. In terms of size, we wouldn't be interested in looking at anything less than 10 to 20 megawatts of size, because that's about the size that makes sense to make it worthwhile for us. We certainly are more attracted to the bigger opportunities where there's scale..."
"...We've seen quite a few private company opportunities with mid-sized companies, but they don't really have a distinctive advantage in terms of electricity contracts, and their miners have been getting old. They don't have access to capital, they can't upgrade their fleet and as a result, without an attractive electricity contract and an aging fleet. It's not very attractive to us. But if there's an opportunity that comes around, whether it's private or public, where there is a good electricity contract, half decent team and a good layout, we'd be very interested in taking a look...And I expect we'll continue to see opportunities, the lifecycle hypothesis suggests that there will be a consolidation in this industry coming. I think we're just starting to see parts of it now. So our eyes are open. And because of our team and our expertise and deploying new facilities, I think we're an attractive partner for anybody that wants to come to us, particularly given our growing international expertise..."
Recent BITF News
- News of Miner Hosting Agreement in Pennsylvania Is Moving this Bitcoin Data Center Company Higher • AllPennyStocks.com • 09/13/2024 04:40:00 PM
- Bitfarms Enters into 10,000 Miner Hosting Agreement with Stronghold Digital Mining • GlobeNewswire Inc. • 09/13/2024 02:23:07 PM
- Grayscale Launches XRP Fund, Coinbase Debuts cbBTC Token, 1inch Reveals Atomic Swap Protocol • IH Market News • 09/12/2024 07:02:06 PM
- Nansen Acquires StakeWithUs; Polygon Labs Launches Crypto Chip; Bitcoin ETFs See Positive Inflows • IH Market News • 09/10/2024 03:11:09 PM
- Bitfarms Enhances Operations Teams • GlobeNewswire Inc. • 09/10/2024 11:00:00 AM
- Bitfarms Reschedules Special Meeting of Shareholders • GlobeNewswire Inc. • 09/09/2024 10:15:00 AM
- Bitfarms to Present at H.C. Wainwright 26th Annual Global Investment Conference • GlobeNewswire Inc. • 09/04/2024 08:05:00 PM
- Bitfarms Issues Statement to Address Misleading Claims from Riot • GlobeNewswire Inc. • 09/04/2024 11:00:00 AM
- Bitfarms Provides August 2024 Production and Operations Update • GlobeNewswire Inc. • 09/03/2024 11:00:00 AM
- Riot Issues Open Letter to Fellow Bitfarms Shareholders Ahead of Upcoming Special Meeting • Business Wire • 09/03/2024 10:45:00 AM
- Crypto.com and PayPal Partner Up, OpenSea Receives Wells Notice, Bitcoin ETFs Record Largest Monthly Outflow • IH Market News • 08/28/2024 07:43:23 PM
- Bitfarms Announces Assumption of Control of Sharon, PA Site • GlobeNewswire Inc. • 08/27/2024 11:00:00 AM
- Schwab and Snowflake Retreat in Premarket, WeRide Postpones IPO, Halliburton Cyberattack, McDonald’s Instagram Hack • IH Market News • 08/22/2024 09:37:42 AM
- Dramatic NFT Value Decline, Bitfarms Acquires Stronghold, $55M Phishing Attack Loss, and More in Crypto • IH Market News • 08/21/2024 07:25:42 PM
- Bitfarms to Acquire Stronghold Digital Mining • GlobeNewswire Inc. • 08/21/2024 10:30:00 AM
- UBS Beats Earnings Forecasts, Intel Divests Arm Holdings, Flutter Surges 9% in Premarket Trading, and More • IH Market News • 08/14/2024 09:56:35 AM
- Riot Platforms, Inc. Reports Beneficial Ownership of 18.9% in Bitfarms Ltd. • Business Wire • 08/13/2024 09:55:00 PM
- Marathon Defies Globalization with ‘Made in USA’ Bitcoin, Mt. Gox Wallet Tests Transaction, and Latest in Crypto • IH Market News • 08/13/2024 07:35:36 PM
- Bitfarms Announces Board of Directors and Leadership Updates • GlobeNewswire Inc. • 08/13/2024 11:00:00 AM
- Bitfarms Reports Second Quarter 2024 Results • GlobeNewswire Inc. • 08/08/2024 11:00:00 AM
- Riot Platforms, Inc. Reports Beneficial Ownership of 16.9% in Bitfarms Ltd. • Business Wire • 08/02/2024 10:30:00 PM
- Bitfarms Schedules Second Quarter 2024 Conference Call on August 8th, 2024 • GlobeNewswire Inc. • 08/01/2024 11:05:00 AM
- Bitfarms Provides July 2024 Production and Operations Update • GlobeNewswire Inc. • 08/01/2024 11:00:00 AM
- Fed Impact in Crypto Market, California DMV Adopts Avalanche Blockchain, Riot Boosts Bitfarms Stake • IH Market News • 07/31/2024 07:42:27 PM
- Bitfarms Announces Toronto Stock Exchange Deferral of Consideration of Shareholder Rights Plan • GlobeNewswire Inc. • 07/26/2024 04:45:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM