Bitfarms’ Post

🚀 Bitfarms Turns the Page! 📈 After months of disputes, Bitfarms and Riot Platforms, Inc. have reached a significant settlement, paving the way for a fresh start. In a strategic move, Andres Finkielsztain has stepped down from Bitfarms' board, allowing Amy Freedman to join as a key member of both the Governance and Nominating Committee and the Compensation Committee. 🌟 This restructuring reflects Bitfarms' commitment to refreshing its leadership team with diverse perspectives and expertise. Additionally, the settlement includes a crucial agreement that prohibits Riot from taking hostile actions against Bitfarms until the 2026 annual meeting. This means Riot, which holds a substantial stake in Bitfarms, cannot increase its ownership or propose further board changes during this period. CEO Ben Gagnon expressed optimism, stating that the company is pleased to reach this agreement with Riot and looks forward to turning full attention to executing its growth strategy. Bitfarms aims to diversify beyond Bitcoin mining into exciting areas like energy generation, energy trading, heat recycling, and high-value revenue streams such as HPC/AI. 💡 As Bitfarms prepares for a special shareholder meeting, it plans to propose expanding its board from five to six members, along with the nomination of an independent director to fill the newly created position. With the conflict behind them, Bitfarms is ready to enhance strategic oversight and drive growth. The company welcomes new perspectives and is set to chart a bold path forward! 💪 #Bitfarms #RiotPlatforms #BitcoinMining #LeadershipChange #GrowthStrategy #Innovation

TeraWulf's Kerri Langlais emphasizes the importance of profitability in considering mergers for Bitcoin mining expansion. Strategic growth over empire building is key. Expect more M&A activities in the mining sector post Bitcoin halving. #Bitcoin #Mining #MergersAcquisitions

Bitcoin halving to shake up mining industry, challenging less efficient miners. Major firms like Marathon Digital prepared for reduced rewards, emphasizing efficiency and scale for survival. Efficiency will be key as profitability faces pressure. #Bitcoin #mining #halving

See our new #CDHAlert which includes a discussion on when and how to use 'ring-fenced' companies in B-BBEE transactions. #CorporateAndCommercial

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Bitcoin halvings cut mining rewards in half every four years, impacting profitability. Despite challenges, miners appreciate the unique aspect of Bitcoin's scarcity and remain committed. Kristian Csepcsar from Braiins emphasizes how miners embrace and acknowledge the significance of halvings. #Bitcoin #Halving #Mining

"Druk Holding and Investments in Bhutan, along with Bitdeer, will boost BTC mining capacity sixfold before Bitcoin halving. The strategic move aims to offset mining rewards reduction. Upgrades will increase mining capacity by 500 megawatts by 2025. #Bitcoin #Mining #Bhutan"

Christopher Mancini, CFA, CFA and Co-Portfolio Manager of the Gabelli Gold Fund, recently shared his thoughts on the price of gold rising to an all-time high. Chris notes that over the past five years, gold mining stocks have underperformed as compared to the price of gold. This was in part due to the significant and unique challenges faced by gold miners during the pandemic as it was impossible to “work from home” - thus government-imposed mining limits and social distancing resulted in inefficiencies and underperformance. During the pandemic, the price of gold increased from about $1,550 per ounce at the end of 2019 to $1,950 per ounce by mid-2022. This $400 rise in price was offset by a $400-per-ounce mining cost. However, since the start of 2024, the price of gold has surged by $700 per ounce while mining costs have remained stable. This margin improvement will likely be reflected in upcoming quarterly reports, in which Chris predicts miners will show a strong free cash flow generation. Read the full article here: https://lnkd.in/gS-QG9KV Stay tuned for Chris Mancini’s interview with the CEO of Artemis, Steven Dean, which will be released this Friday through our YouTube channel @GabelliTV.

🚀 Hashlabs Mining co-founder predicts mining potential in Ethiopia, Nigeria, Kenya, Argentina, and Paraguay. Stay cautious post Bitcoin halving, high-cost miners may face tough times ahead. Monitor the next 3-4 months closely for miner profitability. #BitcoinMining #CryptoInsights

Retail investors may explore alternative methods like GoMining's gamified Bitcoin mining using NFTs for a unique experience. Dive into Cointelegraph Research's report on the evolving mining landscape post-halving for valuable insights. #Bitcoin #mining #investing