Bitcoin miner Bitfarms has splashed about $43 million to add 1,000 BTC to its balance sheet after securing a $100 million loan.
Bitfarms has added 1,000 BTC to its bitcoin holdings, with the total outlay costing $43.2 million, the companyThe latest BTC acquisition sees the Canadian crypto mining outfit holding 4,300 BTC, an increase of about 30% from its previous bitcoin treasury balance. Monday’s announcement comes less than a fortnight after BitfarmsAccording to the company’s statement at the time, the credit facility did include a $60 million drawdown at 10.75% interest per annum.
As of Q3 2021, Bitfarms reported its cash and cash equivalents to be about $43 million, almost the exact sum spent in acquiring the 1,000 BTC. The company did, however, state that the size of Monday’s bitcoin purchase was in line with similar acquisitions in Q3 and Q4 2021. Bitfarms, like other North American bitcoin miners, has stockpiled BTC as operations in the region benefitted from the East-West shift in hashrate dominance. This strategy that has characterized thisAs of the start of Q4 2021, North American bitcoin miners held over
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Canadian Bitcoin Miner Bitfarms Bought the Dip: Adds $43.2 Million Worth of BTCCanadian Bitcoin miner Bitfarms has added another 1,000 BTC to its position during the dip throughout the first week of 2022.
Lire la suite »
Bitfarms Buys $40 Million BitcoinBitfarms, the stock traded bitcoin miner has announced they bought 1,000 bitcoin during the first week of January, worth $43 million. “Our guiding company strategy at Bitfarms is to accumulate...
Lire la suite »
'Seized The Opportunity': Canada’s Bitfarms Bought $43 Million In Bitcoin During $300 Billion Crypto CrashBitcoin prices have fallen about 12% this year but have skyrocketed nearly 4,300% over the past five years.
Lire la suite »
Bitfarms Bought $43.2M of Bitcoin in the First Week of JanuaryToronto-based mining firm Bitfarms_io has 'bought the dip' to the tune of 1,000 BTC for $43.2 million in the first week of January. By JamieCrawleyCD
Lire la suite »
Bitcoin Dips Are for Buying: Justin Sun, Nayib Bukele, Michael SaylorAward-winning journalist Colin Wu indicates top Bitcoin advocates who leverage this dip to buy more digital gold
Lire la suite »
Bitcoin (BTC), EUR/USD, USD/CAD Key Levels to WatchFollowing a soft week on Wall Street, Bitcoin as well as other cryptocurrencies have also come under pressure. Get your market update from JMcQueenFX here:
Lire la suite »