“With the dip in $BTC while mining hardware prices remain high, we seized the opportunity to move cash into BTC,” said Bitfarms. bitcoin cryptocurrency
Founded in 2017, Bitfarms is a publicly traded company in the U.S. and Canada. Its shares started trading on the TSX Venture Exchange in July 2019 and on thein June 2021. The company has five industrial-scale bitcoin mining facilities located in Québec and one in Washington state.
“Our guiding company strategy at Bitfarms is to accumulate the most bitcoin for the lowest cost and in the fastest amount of time for the benefit of our shareholders,” explained CEO Emiliano Grodzki. “To that end, we continually optimize our capital allocation.”
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