According to TechFlow, on May 4th, cryptocurrency mining company Bitfarms (NASDAQ/TSX: BITF) released its April operational report. The company announced a financing agreement of up to $300 million with Macquarie Group, with funds specifically allocated for constructing a high-performance computing (HPC) data center at Panther Creek. In April, the company mined a total of 268 bitcoins, maintaining an operational hash rate of 19.5 EH/s. As of the end of April, the company held 1,005 bitcoins, valued at approximately $94 million based on a price of $94,000 per bitcoin at that time. CEO Ben Gagnon stated that the company will focus on developing U.S. energy and HPC infrastructure rather than expanding mining machine scale, aiming to create sustainable shareholder value.

TechFlow reports that on May 4th, cryptocurrency mining company Bitfarms (NASDAQ/TSX: BITF) released its April operational report. The company announced a financing agreement with Macquarie Group for up to 300 million USD, with the funds specifically allocated for building a high-performance computing (HPC) data center at Panther Creek. In April, the company mined a total of 268 bitcoins, maintaining an operational hashrate of 19.5 EH/s. As of the end of April, the company held 1,005 bitcoins, valued at approximately 94 million USD based on the then price of 94,000 USD per bitcoin. CEO Ben Gagnon stated that the company will focus on developing energy resources and HPC infrastructure in the United States rather than expanding mining rig capacity, aiming to create sustainable shareholder value.

Bitfarms: Focusing on Developing Energy and HPC Infrastructure in the U.S. Rather Than Expanding Mining Machine Scale