The ongoing developments between Bitcoin mining companies Riot and Bitfarms Ltd. have captured significant attention in the crypto industry. The rivalry that once revolved around an unsolicited takeover attempt by Riot has since morphed into a delicate truce, with Riot…
Bitfarms Acquires Stronghold for $125 Million Expands Mining Operations
Bitfarms has made a significant move in the ever-competitive Bitcoin mining industry by agreeing to acquire Stronghold Digital Mining Inc. for approximately $125 million in stock. This acquisition, which includes the assumption of about $50 million in debt, represents a…
Bitfarms Adopts Poison Pill to Block Riot Platforms’ 950 million Takeover
Bitfarms Ltd., a prominent player in the Bitcoin mining industry, has taken decisive action to protect itself from an unsolicited takeover bid by its larger rival, Riot Platforms Inc. The company has implemented a “poison pill” shareholder rights plan, a…
Bitfarms Rejects $1 Billion Buyout Offer from Riot Platforms
Bitfarms, a bitcoin mining firm, recently turned down a nearly $1 billion acquisition offer from Riot Platforms. This decision has significant implications for the bitcoin mining industry and the stakeholders involved. Riot Platforms’ proposal included the purchase of all outstanding…
Bitfarms (NASDAQ: BITF )Earned 446 Bitcoin in December 2023 and 4,928 Bitcoin for the Full Year
Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global Bitcoin mining company, has reported impressive achievements for the year ended December 31, 2023. The company surpassed its hash rate and capacity, i.e., 446 BTC in December and 4,928 BTC for 2023, ending…
Bitfarms Will Procure 48,000 New Mining Excavators in 2022 Despite Chip Shortage
Bitfarms set to secure 48,000 new diggers in 2022 notwithstanding chip lack One of the biggest traded open market Bitcoin mining operations on the planet, Bitfarms, has committed to buy 48,000 new excavators over the course of the following two…
Why Did North Korean Hackers Steal $1.3 Billion in Crypto in 2024?
North Korean hackers have increasingly targeted cryptocurrency platforms, stealing significant amounts and using advanced methods to hide their activities. In 2024, they were responsible for over half of the $2.2 billion lost globally to crypto theft. These attacks often involve…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
