Bitfarms

Want to learn more about our recent agreement to acquire Stronghold Digital Mining? 👀CEO Ben Gagnon discusses the deal and more on @CNBC Crypto World https://cnb.cx/3X5wT0N You can also see the full press release here: https://bit.ly/3yVvDFl #Bitcoin #BTC #BITF

We are pleased to announce that Bitfarms has assumed control of its newest data center in Sharon, Pennsylvania.    - Closed on 110 MW  - 30 MW expected online by YE 2024  - LOI signed for additional 10 MW    To learn more, see the full details here: https://bit.ly/4fZmBIe #Bitcoin #BITF

Bitfarms’ definitive agreement to acquire Stronghold Digital opens up the possibility of disruptive and innovative HPC/AI/BTC data center structure. This arrangement could translate to strategic strength on CAPEX requirements, site economics and ROIC for HPC/AI infrastructure. To learn more about our improved economics in HPC/AI management, see this week’s press release:  https://bit.ly/3yVvDFl #Bitcoin #AI #BITF

Bitfarms’ acquisition of Stronghold will create a short-term total potential power capacity of 307 MW, with a long-term total potential power capacity of 905 MW. Further, this will allow us to expand and rebalance our energy portfolio with 300+ MW of power based in the US. By year-end 2025, power generated in the US could represent nearly 50% of our total capacity. To learn more about how this agreement adds value to shareholders, see our press release here: https://bit.ly/3yVvDFl #Bitcoin #BITF

Bitfarms has entered into a definitive agreement under which the Company will acquire 100% of the equity securities of Stronghold Digital Mining, Inc (NASDAQ: SDIG). This agreement would add significant value to shareholders, including: - Provides Clear Path to 950 MW Active Power Capacity, with nearly 50% in the U.S., by YE 2025E  - Adds 142 MW of Pennsylvania-New Jersey-Maryland (PJM) Interconnection Import Capacity with Long Term Expansion Potential up to 790 MW  - Adds 4.0 Exahash (EH/s) to Bitfarms’ existing hashrate with expansion capacity up to 10 EH/s with Fleet Refresh CEO Ben Gagnon detailed more advantages in our Press Release: “By vertically integrating with power generation, expanding our energy trading capabilities, and securing two high potential sites for HPC/AI with significant multi-year expansion potential, we are executing on our strategy to diversify our company beyond Bitcoin mining to become better Bitcoin miners and create long-term shareholder value.” For more information, read the full Release: https://bit.ly/3yVvDFl

Be sure to listen to our conference call on Bitfarms’ acquisition agreement at 8:30 am. 👉 https://lnkd.in/eM-GD67k For more details, see the full release here: https://bit.ly/3yVvDFl #Bitfarms #BITF

We are pleased to announce that Bitfarms has entered into a definitive agreement to acquire Stronghold Digital Mining. This transaction is a decisive step in securing a strong future for Bitfarms – it is not only consistent with our strategy to diversify our access to power, but also significantly strengthens our U.S. presence.   Stronghold brings to Bitfarms vertically integrated crypto asset mining operations and access to the strategically desirable PJM grid, the largest wholesale electricity market in the U.S. Looking ahead, Bitfarms remains on track to deliver our fully funded 2024 guidance and is poised to deliver the greatest hashrate growth and bottom line improvement in our company’s history with industry leading benchmarks.   Learn more here: https://bit.ly/3yVvDFl   #Bitcoin #BITF

This week, Bitfarms announced that Nicolas Bonta has decided to step down as Chairman of the Board of Directors, with Lead Director Brian Howlett appointed Independent Chairman. We would like to thank Nico for his many years of dedication and service. He said, “Founding Bitfarms and overseeing the Company’s growth has been the highlight of my professional career. Now is the right time for me to step down and for Ben to join the Board. I am equally confident in Brian’s ability to lead the Board as we look ahead to the next phase of Bitfarms’ growth.” From everyone at Bitfarms and in the community, we send our deepest gratitude to our founder. #Bitcoin #BITF

Our 200 MW Data Center in Yguazu is progressing rapidly! The rapid scale at which we are developing this site is unparalleled and is an incredible testament to our amazing team and capabilities. Four months ago it was just a soy field and in five months it is expected to be between ½% and ¾% of the entire Bitcoin network powered by 100% renewable energy. From breaking ground to energization the construction schedule is only nine months, far faster than what is possible in the US. We've broken ground on 7 of the 10 warehouses in only a few short months. #Bitcoin #Paraguay #BITF

Yesterday Bitfarms announced the appointment of Brian Howlett, CPA, CMA, to Chairman of the Board of Directors. Mr. Howlett has over 30 years of experience in leadership roles at publicly traded companies that he has leveraged to grow Bitfarms during his four year tenure. He is currently a member of the Audit, Governance & Nominating, Compensation, and Environmental & Social Responsibility Committees. #Bitcon #BitcoinMining #BITF