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

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

CointimeCointime2025/05/04 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.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Pi Coin Struggles and Pi Day 2’s Impact on Its Future Trajectory

In Brief Pi Coin struggles below $0.65 amid rising bearish pressure. Upcoming "Pi Day 2" on June 28 may impact its short-term direction. Analysts observe concerning signs in PI’s technical indicators and on-chain data.

Cointurk2025/06/10 14:16
Pi Coin Struggles and Pi Day 2’s Impact on Its Future Trajectory

South Korea Sets New Standards for Cryptocurrency Market

In Brief South Korea introduces the "Digital Asset Basic Act" for cryptocurrency market clarity. The bill aims to boost stablecoin usage and offers a predictable business environment. Swift action contrasts with the slow U.S. progress, giving Korea a competitive edge.

Cointurk2025/06/10 14:16
South Korea Sets New Standards for Cryptocurrency Market