The Nasdaq-listed Bitcoin mining company Bitfarms released its production and operational update report for April, which disclosed that there are no plans to purchase large Bitcoin Mining Rigs in 2025 or 2026. Instead, they will use previously purchased machines to achieve this year's growth targets, prioritizing the development of high-performance computing (HPC) business and expanding their energy infrastructure. Additionally, Bitfarms reported that its April mining output was 268 BTC (an average daily mining output of 8.9 BTC), and its Bitcoin treasury holdings decreased to 1005 BTC, down from 1140 BTC last month, which is approximately $94 million based on the Bitcoin price on April 30.
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The Nasdaq-listed Bitcoin mining company Bitfarms released its production and operational update report for April, which disclosed that there are no plans to purchase large Bitcoin Mining Rigs in 2025 or 2026. Instead, they will use previously purchased machines to achieve this year's growth targets, prioritizing the development of high-performance computing (HPC) business and expanding their energy infrastructure. Additionally, Bitfarms reported that its April mining output was 268 BTC (an average daily mining output of 8.9 BTC), and its Bitcoin treasury holdings decreased to 1005 BTC, down from 1140 BTC last month, which is approximately $94 million based on the Bitcoin price on April 30.