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Bitfarms Expands in the US! 🇺🇸 [please Vote me,](https://app.binance.com/uni-qr/cpro/Square-Creator-de077209c652?l=en&r=963986813&uc=app_square_share_link&us=copylink) Bitfarms has officially launched its first major facility in Sharon,PA, with an impressive 120 MW power capacity! ⚡️ They've already secured 110 MW and plan to activate 30 MW more by the end of the year. CEO Ben Gagnon is enthusiastic: "This site significantly enhances our presence in the US,advancing our ambitious growth strategy." With intentions to lease an additional 10 MW site by 2025,Bitfarms is making significant strides! What are your thoughts on Bitfarms' expansion? Share them below! 👇#CryptoNewss #BlackRockETHOptions #Bitfarms #bitcoin☀️
Bitfarms Expands in the US! 🇺🇸
please Vote me,
Bitfarms has officially launched its first major facility in Sharon,PA, with an impressive 120 MW power capacity! ⚡️ They've already secured 110 MW and plan to activate 30 MW more by the end of the year.

CEO Ben Gagnon is enthusiastic: "This site significantly enhances our presence in the US,advancing our ambitious growth strategy."

With intentions to lease an additional 10 MW site by 2025,Bitfarms is making significant strides!

What are your thoughts on Bitfarms' expansion? Share them below! 👇#CryptoNewss #BlackRockETHOptions #Bitfarms #bitcoin☀️
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#Bitfarms Ltd. is fighting back against a hostile takeover bid by rival Riot Blockchain Inc. with a comprehensive defense plan. This includes a "poison pill" provision, making it harder for Riot to acquire a controlling stake. Bitfarms is also seeking strategic partners and exploring legal challenges to the bid, arguing it undervalues the company. CEO Emiliano Grodzki expressed confidence in Bitfarms' future as an independent company. The battle between the two companies highlights the intensifying competition in the cryptocurrency mining industry. #Bitfarms #BitfarmsMining #mining #writetoearn
#Bitfarms Ltd. is fighting back against a hostile takeover bid by rival Riot Blockchain Inc. with a comprehensive defense plan. This includes a "poison pill" provision, making it harder for Riot to acquire a controlling stake. Bitfarms is also seeking strategic partners and exploring legal challenges to the bid, arguing it undervalues the company.

CEO Emiliano Grodzki expressed confidence in Bitfarms' future as an independent company. The battle between the two companies highlights the intensifying competition in the cryptocurrency mining industry.
#Bitfarms #BitfarmsMining #mining #writetoearn
In its monthly update, #Bitfarms disclosed earning 156 #BTC in May, marking a 42% decrease from the previous month and a 66% drop year over year. Of the total earned, 136 BTC were sold, resulting in proceeds of $8.9 million (down from $16.1 million in April), as part of the company’s routine treasury management. The average of 24.5 BTC per EH/s saw a 45% decline in May, attributed to the transition to "post-halving economics." Bitfarms recently made waves by turning down a nearly $1 billion acquisition proposal from #Riot Platforms. #btc #bitcoin #Bitfarms
In its monthly update, #Bitfarms disclosed earning 156 #BTC in May, marking a 42% decrease from the previous month and a 66% drop year over year.

Of the total earned, 136 BTC were sold, resulting in proceeds of $8.9 million (down from $16.1 million in April), as part of the company’s routine treasury management.

The average of 24.5 BTC per EH/s saw a 45% decline in May, attributed to the transition to "post-halving economics."

Bitfarms recently made waves by turning down a nearly $1 billion acquisition proposal from #Riot Platforms.
#btc #bitcoin #Bitfarms
Crypto Clash: Bitfarms vs. Riot Platforms!🚨 Breaking News 🚨 In a dramatic twist, Bitfarms has fired back at Riot Platforms, accusing them of self-interest in a heated board dispute. The conflict has escalated as Bitfarms claims Riot’s true motive is to acquire Bitfarms at a discounted price, benefiting Riot’s shareholders rather than Bitfarms’ own. The Battle Unfolds: Bitfarms’ Stand: Bitfarms asserts that Riot’s criticisms are misleading and aimed at undermining Bitfarms’ initiatives, such as the acquisition of Stronghold Digital Mining1.Riot’s Response: Riot Platforms has framed their actions as efforts to improve corporate governance at Bitfarms. However, Bitfarms argues that Riot’s real goal is to take over the company cheaply1.Leadership Changes: Bitfarms emphasizes that its recent board and leadership changes were made independently to enhance shareholder value, not for Riot’s benefit1.Public Criticism: Riot has declined to enter a non-disclosure agreement or propose a revised acquisition offer, instead resorting to public criticism1. What’s Next? The tension between these two crypto giants is at an all-time high. With both companies vying for control and influence, the crypto community is watching closely. Will Bitfarms manage to fend off Riot’s advances, or will Riot succeed in their takeover bid? Stay tuned for more updates on this unfolding saga. Don’t forget to follow us for the latest news and share your thoughts in the comments below! #CryptoClash #Bitfarms #RiotPlatforms #CryptoNews #BoardDispute What do you think about this intense boardroom battle? Share your thoughts and follow us for more breaking news! 🚀

Crypto Clash: Bitfarms vs. Riot Platforms!

🚨 Breaking News 🚨
In a dramatic twist, Bitfarms has fired back at Riot Platforms, accusing them of self-interest in a heated board dispute. The conflict has escalated as Bitfarms claims Riot’s true motive is to acquire Bitfarms at a discounted price, benefiting Riot’s shareholders rather than Bitfarms’ own.
The Battle Unfolds:
Bitfarms’ Stand: Bitfarms asserts that Riot’s criticisms are misleading and aimed at undermining Bitfarms’ initiatives, such as the acquisition of Stronghold Digital Mining1.Riot’s Response: Riot Platforms has framed their actions as efforts to improve corporate governance at Bitfarms. However, Bitfarms argues that Riot’s real goal is to take over the company cheaply1.Leadership Changes: Bitfarms emphasizes that its recent board and leadership changes were made independently to enhance shareholder value, not for Riot’s benefit1.Public Criticism: Riot has declined to enter a non-disclosure agreement or propose a revised acquisition offer, instead resorting to public criticism1.
What’s Next? The tension between these two crypto giants is at an all-time high. With both companies vying for control and influence, the crypto community is watching closely. Will Bitfarms manage to fend off Riot’s advances, or will Riot succeed in their takeover bid?
Stay tuned for more updates on this unfolding saga. Don’t forget to follow us for the latest news and share your thoughts in the comments below!
#CryptoClash #Bitfarms #RiotPlatforms #CryptoNews #BoardDispute
What do you think about this intense boardroom battle? Share your thoughts and follow us for more breaking news! 🚀
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🔥 Bitcoin Mining Showdown: RIOT vs. Bitfarms Heats Up! 🔥 The battle for Bitcoin mining dominance in North America just got even more intense. Today, RIOT, holding a 19.9% stake in Bitfarms, sent a bold open letter to its rival. With the "special shareholders' meeting" approaching on October 29, RIOT is demanding that the current Bitfarms management stop protecting the board. RIOT has been flexing its muscles, increasing its shareholdings and leading to the resignation of Bitfarms co-founders Emiliano Grodzki and Nicolas Bonta. Now, RIOT is pushing for more board changes, calling for "independent" members to join. Bitfarms isn't backing down, arguing that RIOT's moves are all about its own interests, not those of the shareholders. RIOT recently offered $900 million to buy out Bitfarms, but the offer was rejected as too low. As RIOT and Marathon battle for the top spot in U.S. Bitcoin mining, keep an eye on this drama—it's far from over! #BitcoinMining #RIOT #Bitfarms #CryptoNews #Binance
🔥 Bitcoin Mining Showdown: RIOT vs. Bitfarms Heats Up! 🔥

The battle for Bitcoin mining dominance in North America just got even more intense. Today, RIOT, holding a 19.9% stake in Bitfarms, sent a bold open letter to its rival. With the "special shareholders' meeting" approaching on October 29, RIOT is demanding that the current Bitfarms management stop protecting the board.

RIOT has been flexing its muscles, increasing its shareholdings and leading to the resignation of Bitfarms co-founders Emiliano Grodzki and Nicolas Bonta. Now, RIOT is pushing for more board changes, calling for "independent" members to join.

Bitfarms isn't backing down, arguing that RIOT's moves are all about its own interests, not those of the shareholders. RIOT recently offered $900 million to buy out Bitfarms, but the offer was rejected as too low.

As RIOT and Marathon battle for the top spot in U.S. Bitcoin mining, keep an eye on this drama—it's far from over!

#BitcoinMining #RIOT #Bitfarms #CryptoNews #Binance
#Bitfarms has accelerated its deployment of 2.2 EH/s in collaboration with @strongholdpay. This partnership enhances Bitfarms’ mining capacity, leveraging its infrastructure to increase operational efficiency. The expanded hash rate strengthens Bitfarms’ position in the crypto mining industry, allowing the company to benefit from economies of scale and optimize performance during a period of high Bitcoin mining activity.
#Bitfarms has accelerated its deployment of 2.2 EH/s in collaboration with @strongholdpay.

This partnership enhances Bitfarms’ mining capacity, leveraging its infrastructure to increase operational efficiency.

The expanded hash rate strengthens Bitfarms’ position in the crypto mining industry, allowing the company to benefit from economies of scale and optimize performance during a period of high Bitcoin mining activity.
🔔 Breaking News: Bitfarms & Riot Platforms Reach Settlement!🔔 The dispute between **Bitfarms** and **Riot Platforms** has finally been settled! Under the new agreement, **Riot’s stake** in Bitfarms is **capped at 20%** unless approved by the board. Riot currently holds **19.9%**, effectively stopping its hostile takeover attempt. Key Updates: - **Andres Finkielsztain**, Bitfarms' co-founder, has stepped down from the board. - **Amy Freedman**, a corporate governance expert, takes his place, signaling strategic shifts. - The **special shareholder meeting** is delayed but will be held before **November 20** to address key decisions regarding the company's future. 💡 What’s Next for Bitfarms? Moving forward, **Bitfarms** aims to **diversify** beyond Bitcoin mining and explore new ventures like **energy trading** and **high-performance computing**! Stay tuned for further updates on this developing story! 🚀 #Bitfarms #RiotPlatforms #CryptoNews #BlockchainInnovation #FOMC
🔔 Breaking News: Bitfarms & Riot Platforms Reach Settlement!🔔

The dispute between **Bitfarms** and **Riot Platforms** has finally been settled! Under the new agreement, **Riot’s stake** in Bitfarms is **capped at 20%** unless approved by the board. Riot currently holds **19.9%**, effectively stopping its hostile takeover attempt.

Key Updates:
- **Andres Finkielsztain**, Bitfarms' co-founder, has stepped down from the board.
- **Amy Freedman**, a corporate governance expert, takes his place, signaling strategic shifts.
- The **special shareholder meeting** is delayed but will be held before **November 20** to address key decisions regarding the company's future.

💡 What’s Next for Bitfarms?
Moving forward, **Bitfarms** aims to **diversify** beyond Bitcoin mining and explore new ventures like **energy trading** and **high-performance computing**!

Stay tuned for further updates on this developing story! 🚀

#Bitfarms #RiotPlatforms #CryptoNews #BlockchainInnovation #FOMC
#Binance $1MBABYDOGE {spot}(DOGSUSDT) {spot}(FDUSDUSDT) {spot}(BTCUSDT) Bitfarms prévoit d'augmenter son taux de hachage de 2,2 EH/s, ce qui aidera l'entreprise à consolider sa position parmi les principaux mineurs mondiaux. Pour atteindre cet objectif, la société augmente sa capacité et étend activement sa présence en Amérique du Nord. Cela leur permettra de miner plus de bitcoins alors que la concurrence dans l'industrie minière s'intensifie. On dirait que Bitfarms se prépare à devenir un "costaud" dans le monde du minage! 💪💻 #Bitfarms
#Binance $1MBABYDOGE

Bitfarms prévoit d'augmenter son taux de hachage de 2,2 EH/s, ce qui aidera l'entreprise à consolider sa position parmi les principaux mineurs mondiaux. Pour atteindre cet objectif, la société augmente sa capacité et étend activement sa présence en Amérique du Nord. Cela leur permettra de miner plus de bitcoins alors que la concurrence dans l'industrie minière s'intensifie.

On dirait que Bitfarms se prépare à devenir un "costaud" dans le monde du minage! 💪💻

#Bitfarms
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#Bitfarms is set to invest nearly $240 million to enhance its #Bitcoin mining capabilities, aiming to triple its hash rate post #BitcoinHalving This strategic upgrade includes acquiring 88,000 high-efficiency miners, aiming to increase productivity and profitability in the evolving #crypto mining landscape. #Binance
#Bitfarms is set to invest nearly $240 million to enhance its #Bitcoin mining capabilities, aiming to triple its hash rate post #BitcoinHalving

This strategic upgrade includes acquiring 88,000 high-efficiency miners, aiming to increase productivity and profitability in the evolving #crypto mining landscape.

#Binance
🚨 BREAKING NEWS: Bitfarms Responds to Riot Platforms’ Criticism! 🚨 The crypto world is buzzing as Bitfarms fires back at Riot Platforms amid an escalating boardroom battle. Bitfarms has issued a strong rebuttal to Riot Platforms’ criticisms, accusing its rival of self-interest and misleading claims. Riot Platforms, the largest shareholder of Bitfarms, has been pushing for significant changes in Bitfarms’ board of directors, claiming that the company’s corporate governance is broken. In response, Bitfarms has defended its recent board and leadership changes, stating that these decisions were made independently and in the best interest of all shareholders. Bitfarms also highlighted that Riot’s actions are part of a broader strategy to acquire Bitfarms at a discounted price, rather than genuinely addressing governance issues. The upcoming special shareholder meeting on October 29, 2024, is expected to be a critical juncture in this ongoing feud. 🔥 Key Points 🔥 Bitfarms accuses Riot Platforms of attempting a hostile takeover.Riot Platforms demands further board changes and proposes new independent directors.Bitfarms defends its recent acquisition of Stronghold Digital Mining as a strategic move to diversify and enhance shareholder value. Stay tuned for more updates on this developing story. Follow us for the latest news and insights, and don’t forget to comment below with your thoughts! #Bitfarms #RiotPlatforms #CryptoNews #BoardroomBattle #HostileTakeover
🚨 BREAKING NEWS: Bitfarms Responds to Riot Platforms’ Criticism! 🚨
The crypto world is buzzing as Bitfarms fires back at Riot Platforms amid an escalating boardroom battle. Bitfarms has issued a strong rebuttal to Riot Platforms’ criticisms, accusing its rival of self-interest and misleading claims.
Riot Platforms, the largest shareholder of Bitfarms, has been pushing for significant changes in Bitfarms’ board of directors, claiming that the company’s corporate governance is broken. In response, Bitfarms has defended its recent board and leadership changes, stating that these decisions were made independently and in the best interest of all shareholders.
Bitfarms also highlighted that Riot’s actions are part of a broader strategy to acquire Bitfarms at a discounted price, rather than genuinely addressing governance issues. The upcoming special shareholder meeting on October 29, 2024, is expected to be a critical juncture in this ongoing feud.
🔥 Key Points 🔥
Bitfarms accuses Riot Platforms of attempting a hostile takeover.Riot Platforms demands further board changes and proposes new independent directors.Bitfarms defends its recent acquisition of Stronghold Digital Mining as a strategic move to diversify and enhance shareholder value.
Stay tuned for more updates on this developing story. Follow us for the latest news and insights, and don’t forget to comment below with your thoughts!
#Bitfarms #RiotPlatforms #CryptoNews #BoardroomBattle #HostileTakeover
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🚨 Bitfarms Rejects Riot's Acquisition Offer Citing Undervaluation Bitcoin mining firm Bitfarms has turned down Riot's acquisition proposal, claiming that the offer "significantly undervalued" the company. Bitfarms asserted that the proposal did not accurately reflect its market value and growth potential. Stay tuned for more updates on this unfolding story in the cryptocurrency mining sector! #Bitfarms #Riot #Bitcoin #CryptoMining! #btc $BTC
🚨 Bitfarms Rejects Riot's Acquisition Offer Citing Undervaluation

Bitcoin mining firm Bitfarms has turned down Riot's acquisition proposal, claiming that the offer "significantly undervalued" the company. Bitfarms asserted that the proposal did not accurately reflect its market value and growth potential. Stay tuned for more updates on this unfolding story in the cryptocurrency mining sector!

#Bitfarms #Riot #Bitcoin #CryptoMining! #btc $BTC
🚨 Bitfarms Reports October 2024 Production and Operations Update 🚨🔶 Introduction As the cryptocurrency market continues to evolve, mining operations play a crucial role in the ecosystem. Bitfarms, a prominent player in the Bitcoin mining industry, has recently released its production and operations update for October 2024. This update sheds light on the company’s performance, operational strategies, and future outlook, providing valuable insights for investors and industry enthusiasts alike. 🔶 Record Bitcoin Production In October 2024, Bitfarms achieved a significant milestone by producing an impressive 530 Bitcoin. This marks a substantial increase compared to previous months, reflecting the company’s commitment to optimizing its mining operations. The increase in production is attributed to enhanced efficiencies in mining hardware and improved energy management strategies. With Bitcoin prices remaining volatile, maintaining high production levels is critical for maximizing revenue. 🔶 Operational Efficiency Gains Bitfarms has focused on operational efficiency as a cornerstone of its strategy. The company has made notable advancements in its mining fleet, incorporating the latest generation of mining rigs that offer higher hash rates and lower energy consumption. This technological upgrade has not only increased output but has also reduced operational costs, positioning Bitfarms favorably in a competitive market. Moreover, the strategic relocation of mining equipment to regions with lower energy costs has further bolstered the company’s operational efficiency. By leveraging favorable energy prices, Bitfarms enhances its profit margins, enabling it to remain resilient against market fluctuations. 🔶 Sustainable Energy Initiatives Sustainability remains a key priority for Bitfarms. The company has been actively investing in renewable energy sources to power its mining operations. In October, approximately 80% of Bitfarms’ energy consumption came from hydroelectric and other renewable sources. This commitment not only aligns with global sustainability trends but also positions Bitfarms as a leader in environmentally responsible mining practices. As regulatory scrutiny around energy consumption in cryptocurrency mining increases, Bitfarms’ dedication to sustainable practices may enhance its reputation and appeal among environmentally conscious investors. 🔶 Financial Performance and Market Position Bitfarms continues to demonstrate robust financial performance. The company reported revenues of $12 million for October, underscoring the direct correlation between Bitcoin production and revenue generation. With the recent price fluctuations in Bitcoin, Bitfarms remains vigilant in managing its inventory and strategic sales to optimize returns. The company’s financial health is further supported by its strategic partnerships and expansion plans. Bitfarms has been exploring opportunities to expand its operations in emerging markets, allowing for greater scalability and diversification of its revenue streams. 🔶 Future Outlook Looking ahead, Bitfarms remains optimistic about its growth trajectory. The company has set ambitious production targets for the upcoming months, aiming to increase its monthly Bitcoin output by 15% by the end of 2024. This growth will be driven by continued investments in technology and energy efficiency. Furthermore, as the Bitcoin network continues to evolve with upcoming protocol upgrades and changes, Bitfarms is well-positioned to adapt and thrive. The company’s proactive approach to operational enhancements and sustainability will likely attract interest from both investors and partners. 🔶 Conclusion Bitfarms’ October 2024 production and operations update highlights the company’s resilience and strategic positioning within the cryptocurrency mining landscape. With record production numbers, a strong focus on sustainability, and a commitment to operational efficiency, Bitfarms is setting a solid foundation for future growth. As the industry continues to mature, the company’s proactive strategies and innovations will be crucial in navigating the challenges and opportunities ahead. For investors and stakeholders, Bitfarms represents a compelling case study in the evolving world of cryptocurrency mining. #Bitfarms #16thBTCWhitePaperAnniv #CryptoPreUSElection

🚨 Bitfarms Reports October 2024 Production and Operations Update 🚨

🔶 Introduction
As the cryptocurrency market continues to evolve, mining operations play a crucial role in the ecosystem. Bitfarms, a prominent player in the Bitcoin mining industry, has recently released its production and operations update for October 2024. This update sheds light on the company’s performance, operational strategies, and future outlook, providing valuable insights for investors and industry enthusiasts alike.
🔶 Record Bitcoin Production
In October 2024, Bitfarms achieved a significant milestone by producing an impressive 530 Bitcoin. This marks a substantial increase compared to previous months, reflecting the company’s commitment to optimizing its mining operations. The increase in production is attributed to enhanced efficiencies in mining hardware and improved energy management strategies. With Bitcoin prices remaining volatile, maintaining high production levels is critical for maximizing revenue.
🔶 Operational Efficiency Gains
Bitfarms has focused on operational efficiency as a cornerstone of its strategy. The company has made notable advancements in its mining fleet, incorporating the latest generation of mining rigs that offer higher hash rates and lower energy consumption. This technological upgrade has not only increased output but has also reduced operational costs, positioning Bitfarms favorably in a competitive market.
Moreover, the strategic relocation of mining equipment to regions with lower energy costs has further bolstered the company’s operational efficiency. By leveraging favorable energy prices, Bitfarms enhances its profit margins, enabling it to remain resilient against market fluctuations.
🔶 Sustainable Energy Initiatives
Sustainability remains a key priority for Bitfarms. The company has been actively investing in renewable energy sources to power its mining operations. In October, approximately 80% of Bitfarms’ energy consumption came from hydroelectric and other renewable sources. This commitment not only aligns with global sustainability trends but also positions Bitfarms as a leader in environmentally responsible mining practices.
As regulatory scrutiny around energy consumption in cryptocurrency mining increases, Bitfarms’ dedication to sustainable practices may enhance its reputation and appeal among environmentally conscious investors.
🔶 Financial Performance and Market Position
Bitfarms continues to demonstrate robust financial performance. The company reported revenues of $12 million for October, underscoring the direct correlation between Bitcoin production and revenue generation. With the recent price fluctuations in Bitcoin, Bitfarms remains vigilant in managing its inventory and strategic sales to optimize returns.
The company’s financial health is further supported by its strategic partnerships and expansion plans. Bitfarms has been exploring opportunities to expand its operations in emerging markets, allowing for greater scalability and diversification of its revenue streams.
🔶 Future Outlook
Looking ahead, Bitfarms remains optimistic about its growth trajectory. The company has set ambitious production targets for the upcoming months, aiming to increase its monthly Bitcoin output by 15% by the end of 2024. This growth will be driven by continued investments in technology and energy efficiency.
Furthermore, as the Bitcoin network continues to evolve with upcoming protocol upgrades and changes, Bitfarms is well-positioned to adapt and thrive. The company’s proactive approach to operational enhancements and sustainability will likely attract interest from both investors and partners.
🔶 Conclusion
Bitfarms’ October 2024 production and operations update highlights the company’s resilience and strategic positioning within the cryptocurrency mining landscape. With record production numbers, a strong focus on sustainability, and a commitment to operational efficiency, Bitfarms is setting a solid foundation for future growth. As the industry continues to mature, the company’s proactive strategies and innovations will be crucial in navigating the challenges and opportunities ahead. For investors and stakeholders, Bitfarms represents a compelling case study in the evolving world of cryptocurrency mining.
#Bitfarms #16thBTCWhitePaperAnniv #CryptoPreUSElection
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📣 Breaking News: Riot Plans to Acquire Rival Bitcoin Miner Bitfarms Riot is reportedly targeting the acquisition of its competitor, Bitfarms, in a strategic move to consolidate its position in the Bitcoin mining industry. This potential acquisition aims to expand Riot's operational capacity and enhance its market share in the rapidly growing cryptocurrency sector. Stay tuned for more updates on this significant development in the Bitcoin mining landscape! #Riot #Bitcoin #Bitfarms #Crypto #Mining $BTC
📣 Breaking News: Riot Plans to Acquire Rival Bitcoin Miner Bitfarms
Riot is reportedly targeting the acquisition of its competitor, Bitfarms, in a strategic move to consolidate its position in the Bitcoin mining industry. This potential acquisition aims to expand Riot's operational capacity and enhance its market share in the rapidly growing cryptocurrency sector. Stay tuned for more updates on this significant development in the Bitcoin mining landscape!
#Riot #Bitcoin #Bitfarms #Crypto #Mining $BTC
The #Bitcoin mining industry is often misunderstood, particularly by retail investors who focus on basic metrics like $BTC size or holdings. Rob Chang (CEO of Gryphon Digital Mining) emphasized the need for investors to develop a more sophisticated understanding of mining fundamentals. George Tung (host of CryptosRUs) highlighted that by supporting miners, investors are supporting the Bitcoin network itself, as miners are essential to maintaining its security and decentralization. While Bitcoin has risen 30% this year, #mining companies like #marathondigital and #Bitfarms have struggled, yet Tung noted that some mining stocks have outperformed Bitcoin in the short term, suggesting potential investment opportunities.
The #Bitcoin mining industry is often misunderstood, particularly by retail investors who focus on basic metrics like $BTC size or holdings.

Rob Chang (CEO of Gryphon Digital Mining) emphasized the need for investors to develop a more sophisticated understanding of mining fundamentals.

George Tung (host of CryptosRUs) highlighted that by supporting miners, investors are supporting the Bitcoin network itself, as miners are essential to maintaining its security and decentralization.

While Bitcoin has risen 30% this year, #mining companies like #marathondigital and #Bitfarms have struggled, yet Tung noted that some mining stocks have outperformed Bitcoin in the short term, suggesting potential investment opportunities.
📊⛏ Summary table highlighting the year-to-date positions for some of the largest $BTC miners in terms of production by EH/s The leaders are #Bitfarms , #Hive , #Sato
📊⛏ Summary table highlighting the year-to-date positions for some of the largest $BTC miners in terms of production by EH/s

The leaders are #Bitfarms , #Hive , #Sato
🚀 Bitfarms Teams Up with Stronghold to Supercharge Bitcoin Mining! 🚀 Bitfarms is making major moves in the crypto world by partnering with Stronghold Digital Mining! 💥 This exciting collaboration will accelerate Bitfarms' mining power, adding 10,000 miners and boosting computing capacity by a massive 2.2 EH/s at the Panther Creek facility in Pennsylvania, starting October 2024! ⚡ This partnership is a game-changer, allowing Bitfarms to tap into competitive energy costs while diversifying operations from Paraguay to the U.S. 🌍 With a focus on energy-efficient mining and new opportunities in AI and energy trading, Bitfarms is stepping up as a serious player in the Bitcoin mining world! 💪 By sharing 50% of the profits, both Bitfarms and Stronghold are set to win big from this deal, positioning Bitfarms as a leader in the industry! 🔥 #Bitfarms #BitcoinMining #Binance #BTC #Crypto $BTC {spot}(BTCUSDT)
🚀 Bitfarms Teams Up with Stronghold to Supercharge Bitcoin Mining! 🚀

Bitfarms is making major moves in the crypto world by partnering with Stronghold Digital Mining! 💥 This exciting collaboration will accelerate Bitfarms' mining power, adding 10,000 miners and boosting computing capacity by a massive 2.2 EH/s at the Panther Creek facility in Pennsylvania, starting October 2024! ⚡

This partnership is a game-changer, allowing Bitfarms to tap into competitive energy costs while diversifying operations from Paraguay to the U.S. 🌍 With a focus on energy-efficient mining and new opportunities in AI and energy trading, Bitfarms is stepping up as a serious player in the Bitcoin mining world! 💪

By sharing 50% of the profits, both Bitfarms and Stronghold are set to win big from this deal, positioning Bitfarms as a leader in the industry! 🔥

#Bitfarms #BitcoinMining #Binance #BTC #Crypto $BTC
This Week's Noteworthy Events(Oct 28, 2024-Nov 3, 2024)Token Unlocking SingularityNET (AGIX) will unlock approximately 8.07 million tokens at 00:00 UTC on October 28, with a proportion of 2.11% of the current circulating supply, valued at approximately $4.3 million.Velo (VELO) is scheduled to unlock approximately 182 million tokens at 00:00 UTC on October 29, with a proportion of 2.47% of the current circulating supply, valued at approximately $2.3 million.Celestia (TIA) is set to unlock approximately 175.6 million tokens at 14:00 UTC on October 30, with a proportion of 79.75% of the current circulating supply, valued at approximately $941 million.Ethena (ENA) will unlock approximately 12.86 million tokens at 07:00 UTC on October 30, with a proportion of 0.47% of the current circulating supply, valued at approximately $4.5 million.Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens at 19:00 UTC on October 29, with a proportion of 0.69% of the current circulating supply, valued at approximately $3.8 million.Optimism (OP) will unlock approximately 31.34 million tokens at 00:00 UTC on October 31, with a proportion of 2.50% of the current circulating supply, valued at approximately $49.5 million.Tribal Token (TRIBL) will unlock approximately 22.07 million tokens at 00:00 UTC on October 31, with a proportion of 19.06% of the current circulating supply, valued at approximately $13.4 million.Sui (SUI) will unlock approximately 64.19 million tokens at 00:00 UTC on November 1, with a proportion of 2.32% of the current circulating supply, valued at approximately $116 million.Immutable (IMX) will unlock approximately 32.47 million tokens at 00:00 UTC on November 1, with a proportion of 1.98% of the current circulating supply, valued at approximately $43.19 million.ZetaChain (ZETA) will unlock approximately 53.89 million tokens at 00:00 UTC on November 1, with a proportion of 11.72% of the current circulating supply, valued at approximately $36.6 million.dYdX (DYDX) will unlock approximately 8.33 million tokens at 00:00 UTC on November 1, with a proportion of 1.29% of the current circulating supply, valued at approximately $8.1 million.Delysium (AGI) will unlock approximately 34.38 million tokens at 00:00 UTC on November 1, with a proportion of 2.85% of the current circulating supply, valued at approximately $5.5 million. Grass's First Airdrop to Begin on October 28 at 21:30 According to official sources, Grass's first airdrop will begin on October 28, 2024, at 21:30 Beijing time. The Grass Foundation stated that GRASS Airdrop One is one of the most widely distributed airdrops in history. Airdrop One marks a significant step toward building the first user-owned internet map. GRASS tokens will be used for network buybacks, paying network fees, staking to ensure the security of network infrastructure, rewarding user contributions, and granting governance rights to token holders. Optimism: Voting for Superchain Contributors in Seasons 5 and 6 Begins on October 28 Optimism posted on the X platform that up to 3.5 million OP tokens will be allocated to contributors of Optimism Governance during Seasons 5 and 6. This means contributors from October 2023 to September 18, 2024, will be rewarded. If you've contributed to Superchain governance, take note of the following dates: Registration: September 26 - October 10Application Review Process: October 14 - October 28Voting: October 28 - November 7Results Announcement: November 19 Bitcoin Mining Company Bitfarms to Hold Special Shareholders Meeting on October 29 for Board Restructuring, Requested by Riot Platforms Bitcoin mining company Bitfarms has officially scheduled a special shareholders meeting for October 29, 2024, in response to Riot Platforms' request made on June 24.  According to the Bitfarms announcement, all shareholders registered as of September 26, 2024, are eligible to vote, though no further action is required at this time. Bitfarms stated that a special committee of independent board members, with the assistance of financial and legal advisors, reviewed the meeting request and unanimously set the meeting and record date. The core agenda of the meeting will focus on voting to remove the current Chairman and interim CEO Nicolas Bonta, board member Andrés Finkielsztain, and recently appointed board member Fanny Philip, who replaced co-founder Emiliano Grodzki, who was dismissed by shareholders. Bitfarms appointed Ben Gagnon as the new CEO on July 8, but he has not yet joined the board and is therefore not a removal target. Additionally, Riot Platforms has nominated three candidates for the Bitfarms board: John Delaney, an expert in government and public affairs; Amy Freedman, a corporate governance and capital markets specialist; and Ralph Goehring, a seasoned CFO in finance and energy sectors. Although Riot Platforms previously proposed a $950 million acquisition of Bitfarms in April, it withdrew the offer due to the “lack of meaningful engagement by the current board.” However, Riot Platforms has continued to increase its stake in Bitfarms, becoming its largest shareholder with approximately 14.9% ownership. Magic Eden: TestME Eligibility to be Announced, Runs from October 29 to 31 Magic Eden posted on X that “TestME (ME test tokens)” will run from October 29 to October 31. While it has no monetary value, TestME allows users to become familiar with the token claim process. By participating, users can also ensure their wallets are correctly linked and prepare for the official ME token claim. Magic Eden stated that the ME test token claim will take place at the end of October, followed by the release of the tokenomics. Binance Blockchain Week to Take Place in Dubai, CZ to Attend in a Personal Capacity CZ announced on X that he will be attending Binance Blockchain Week, one of the largest Web3 events of the year, in Dubai from October 30 to 31 in a personal capacity. Former FTX Executive Nishad Singh to be Sentenced on October 30, Co-Founder Gary Wang on November 20 According to court records, former FTX executive Nishad Singh will be sentenced on October 30 after testifying against FTX co-founder Sam Bankman-Fried. Co-founder Gary Wang will be sentenced on November 20. OneKey Card to Gradually Discontinue Services, Remaining Balances to be Transferred to User Wallets by October 31 According to an announcement on the OneKey website, OneKey Card services will be gradually discontinued to enhance service quality and optimize the user experience. The timeline is as follows: From September 30, 2024: Registration and top-up functions have been stopped.On October 31, 2024: All remaining balances will be securely transferred to users' wallets and can be withdrawn at any time.By January 31, 2025: OneKey Card services will be fully terminated. $TIA $SUI $IMX #Tokenunlock #Bitfarms #BinanceBlockchainWeek #MagicEden {spot}(IMXUSDT) {spot}(SUIUSDT) {spot}(TIAUSDT)

This Week's Noteworthy Events(Oct 28, 2024-Nov 3, 2024)

Token Unlocking

SingularityNET (AGIX) will unlock approximately 8.07 million tokens at 00:00 UTC on October 28, with a proportion of 2.11% of the current circulating supply, valued at approximately $4.3 million.Velo (VELO) is scheduled to unlock approximately 182 million tokens at 00:00 UTC on October 29, with a proportion of 2.47% of the current circulating supply, valued at approximately $2.3 million.Celestia (TIA) is set to unlock approximately 175.6 million tokens at 14:00 UTC on October 30, with a proportion of 79.75% of the current circulating supply, valued at approximately $941 million.Ethena (ENA) will unlock approximately 12.86 million tokens at 07:00 UTC on October 30, with a proportion of 0.47% of the current circulating supply, valued at approximately $4.5 million.Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens at 19:00 UTC on October 29, with a proportion of 0.69% of the current circulating supply, valued at approximately $3.8 million.Optimism (OP) will unlock approximately 31.34 million tokens at 00:00 UTC on October 31, with a proportion of 2.50% of the current circulating supply, valued at approximately $49.5 million.Tribal Token (TRIBL) will unlock approximately 22.07 million tokens at 00:00 UTC on October 31, with a proportion of 19.06% of the current circulating supply, valued at approximately $13.4 million.Sui (SUI) will unlock approximately 64.19 million tokens at 00:00 UTC on November 1, with a proportion of 2.32% of the current circulating supply, valued at approximately $116 million.Immutable (IMX) will unlock approximately 32.47 million tokens at 00:00 UTC on November 1, with a proportion of 1.98% of the current circulating supply, valued at approximately $43.19 million.ZetaChain (ZETA) will unlock approximately 53.89 million tokens at 00:00 UTC on November 1, with a proportion of 11.72% of the current circulating supply, valued at approximately $36.6 million.dYdX (DYDX) will unlock approximately 8.33 million tokens at 00:00 UTC on November 1, with a proportion of 1.29% of the current circulating supply, valued at approximately $8.1 million.Delysium (AGI) will unlock approximately 34.38 million tokens at 00:00 UTC on November 1, with a proportion of 2.85% of the current circulating supply, valued at approximately $5.5 million.
Grass's First Airdrop to Begin on October 28 at 21:30

According to official sources, Grass's first airdrop will begin on October 28, 2024, at 21:30 Beijing time. The Grass Foundation stated that GRASS Airdrop One is one of the most widely distributed airdrops in history. Airdrop One marks a significant step toward building the first user-owned internet map.
GRASS tokens will be used for network buybacks, paying network fees, staking to ensure the security of network infrastructure, rewarding user contributions, and granting governance rights to token holders.
Optimism: Voting for Superchain Contributors in Seasons 5 and 6 Begins on October 28

Optimism posted on the X platform that up to 3.5 million OP tokens will be allocated to contributors of Optimism Governance during Seasons 5 and 6. This means contributors from October 2023 to September 18, 2024, will be rewarded. If you've contributed to Superchain governance, take note of the following dates:
Registration: September 26 - October 10Application Review Process: October 14 - October 28Voting: October 28 - November 7Results Announcement: November 19
Bitcoin Mining Company Bitfarms to Hold Special Shareholders Meeting on October 29 for Board Restructuring, Requested by Riot Platforms

Bitcoin mining company Bitfarms has officially scheduled a special shareholders meeting for October 29, 2024, in response to Riot Platforms' request made on June 24. 
According to the Bitfarms announcement, all shareholders registered as of September 26, 2024, are eligible to vote, though no further action is required at this time. Bitfarms stated that a special committee of independent board members, with the assistance of financial and legal advisors, reviewed the meeting request and unanimously set the meeting and record date. The core agenda of the meeting will focus on voting to remove the current Chairman and interim CEO Nicolas Bonta, board member Andrés Finkielsztain, and recently appointed board member Fanny Philip, who replaced co-founder Emiliano Grodzki, who was dismissed by shareholders. Bitfarms appointed Ben Gagnon as the new CEO on July 8, but he has not yet joined the board and is therefore not a removal target. Additionally, Riot Platforms has nominated three candidates for the Bitfarms board: John Delaney, an expert in government and public affairs; Amy Freedman, a corporate governance and capital markets specialist; and Ralph Goehring, a seasoned CFO in finance and energy sectors. Although Riot Platforms previously proposed a $950 million acquisition of Bitfarms in April, it withdrew the offer due to the “lack of meaningful engagement by the current board.” However, Riot Platforms has continued to increase its stake in Bitfarms, becoming its largest shareholder with approximately 14.9% ownership.
Magic Eden: TestME Eligibility to be Announced, Runs from October 29 to 31

Magic Eden posted on X that “TestME (ME test tokens)” will run from October 29 to October 31. While it has no monetary value, TestME allows users to become familiar with the token claim process. By participating, users can also ensure their wallets are correctly linked and prepare for the official ME token claim. Magic Eden stated that the ME test token claim will take place at the end of October, followed by the release of the tokenomics.
Binance Blockchain Week to Take Place in Dubai, CZ to Attend in a Personal Capacity

CZ announced on X that he will be attending Binance Blockchain Week, one of the largest Web3 events of the year, in Dubai from October 30 to 31 in a personal capacity.
Former FTX Executive Nishad Singh to be Sentenced on October 30, Co-Founder Gary Wang on November 20

According to court records, former FTX executive Nishad Singh will be sentenced on October 30 after testifying against FTX co-founder Sam Bankman-Fried. Co-founder Gary Wang will be sentenced on November 20.
OneKey Card to Gradually Discontinue Services, Remaining Balances to be Transferred to User Wallets by October 31

According to an announcement on the OneKey website, OneKey Card services will be gradually discontinued to enhance service quality and optimize the user experience. The timeline is as follows:
From September 30, 2024: Registration and top-up functions have been stopped.On October 31, 2024: All remaining balances will be securely transferred to users' wallets and can be withdrawn at any time.By January 31, 2025: OneKey Card services will be fully terminated.

$TIA $SUI $IMX #Tokenunlock #Bitfarms #BinanceBlockchainWeek #MagicEden

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