Bitfarms: Bitcoin Treasury holdings fell to 1,005 in April, and plans to stop purchasing large BTC mining machines in the next two years

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Cointime2025/05/04 04:23

By:Cointime

the Bitfarms, a Nasdaq-listed Bitcoin mining company, released its April production and operations update, revealing that it has no plans to purchase large Bitcoin mining machines in 2025 or 2026. Instead, it will use previously purchased machines to achieve this year's growth targets, no longer pursuing new hardware but prioritizing the development of high-performance computing (HPC) business and expanding its energy infrastructure. In addition, Bitfarms disclosed that its mining output in April was 268 BTC (average daily mining output of 8.9 BTC), with the Bitcoin treasury holdings decreasing to 1005 BTC, lower than the previous month's 1140 BTC, equivalent to approximately $94 million based on the Bitcoin price on April 30.

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