Bitfarms Provides December 2024 Production and Operations Update
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Bitfarms reported a significant increase in its hashrate and efficiency for 2024, along with a substantial rise in operational capacity. The company also announced the acquisition of Stronghold Digital Mining, expected to close in Q1 2025.
January 02, 2025 | 12:15 pm
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Bitfarms has significantly increased its hashrate and efficiency in 2024, earning 2,914 BTC. The company is also expanding its operational capacity and is set to acquire Stronghold Digital Mining in Q1 2025.
The increase in hashrate and efficiency indicates improved operational performance, which is positive for Bitfarms. The acquisition of Stronghold Digital Mining suggests strategic growth, likely boosting investor confidence.
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