Express
Bitcoin miner Bitfarms sees 87% YoY revenue growth, plans to relocate to the US
Summary: According to reports from The Block, Bitcoin miner Bitfarms saw an 87% year-on-year revenue growth in the second quarter, reaching $78 million. The company plans to relocate to the US, benefiting from President Trump's strong support for cryptocurrency and artificial intelligence. Currently, 82% of Bitfarms' energy investment portfolio is located in North America, including multiple ...
According to reports from The Block, Bitcoin miner Bitfarms saw an 87% year-on-year revenue growth in the second quarter, reaching $78 million. The company plans to relocate to the US, benefiting from President Trump's strong support for cryptocurrency and artificial intelligence. Currently, 82% of Bitfarms' energy investment portfolio is located in North America, including multiple locations in the US and a factory in Quebec, Canada. The company plans to cease its mining operations in Argentina due to future economic uncertainty. Additionally, Bitfarms has initiated a stock buyback plan, repurchasing 4.9 million shares as of August 8 at an average price of $1.24 per share.
Tags:
Link: Bitcoin miner Bitfarms sees 87% YoY revenue growth, plans to relocate to the US [Copy]
