📊⛏ 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

**Just In 🚨**: Bitcoin mining company Bitfarms reported that it mined 411 BTC in September and subsequently sold 362 BTC for $9.5 million. As of the end of September, Bitfarms holds a total of 703 BTC. #Bitfarms #BitcoinMining #BTC #Cryptocurrency

Bitfarms Initiates 50 MW Bitcoin Mining Farm Buildout in Paraguay as Part of Hydro Expansion.

$BTC

#WebGTR #Bitfarms #Paraguay #bitcoin #Mining

⚡#Bitcoin miner #Bitfarms settled $21 million in debt from BlockFi with a single payment of $7.75 million in cash.

Source: #TheBlock

#crypto2023 #Web3 p

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

📈 This week saw 20 #VC investments in Web3, with a total value of $197.35M.

💸 While down from last week, the average deal size of $12M was impressive!

#VCInvestments #Web3🤝🥊🌐 #Bitfarms #Blur

#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 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 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

📣 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