Profile
Sector:
Financial ServicesIndustry:
Capital MarketsCountry:
CanadaIPO:
16 August 2019Website:
http://www.bitfarms.comNext earnings report:
08 August 2024Last dividends:
N/ANext dividends:
N/APrice
regular market | 1 min agoDividend
Analysts recommendations
Institutional Ownership
BITF Latest News
This news release constitutes a “designated news release” for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023
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Reiterates Commitment to Strategic Alternative Review Process to Maximize Shareholder Value No Shareholder Action Required at this Time This news release constitutes a “designated news release” for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023 TORONTO, Ontario and BROSSARD, Quebec, June 24, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) (“Bitfarms” or the “Company”), a global Bitcoin vertically integrated company, today confirmed that it has received a shareholder meeting requisition from Riot Platforms, Inc. (“Riot”).
Bitfarms (NASDAQ: BITF ) stock is in the news Monday on an update to Riot Platforms' (NASDAQ: RIOT ) plan to take over the cryptocurrency mining company. Riot Platforms has withdrawn its previous offer to acquire all outstanding shares of BITF stock for $2.30 each.
Bitfarms (NASDAQ: BITF) and Riot Platforms (NASDAQ: RIOT) stock prices have been in the spotlight in the past few weeks. BITF has surged by over 78% in the past 30 days, giving it a market cap of over $1.19 billion.
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Bitcoin ( BTC-USD ) miner Riot Platforms (NASDAQ: RIOT ) is continuing its effort against rival Bitfarms (NASDAQ: BITF ), buying more stock and seeking a shareholder meeting to nominate its own directors. Bitfarms, based in Toronto, has rejected Riot's $950 million takeover bid and is expanding its U.S. operations into Pennsylvania.
CASTLE ROCK, Colo.--(BUSINESS WIRE)--Riot Platforms, Inc. (“Riot”) issues this press release pursuant to Part 3 of Canadian National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues and Part 5 of Canadian National Instrument 62-104 – Take-Over Bids and Issuer Bids in respect of Bitfarms Ltd. (the “Company”). Riot announces that on June 13, 2024 it acquired ownership of 1,432,063 common shares (the “Purchased Shares”) of the Company representing.
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-First U.S. large scale site supports 8 EH/s in 2025 with deployment of 600 PH/s in 2024--Strategically located in PJM Interconnection market, providing access to low-cost, flexible power--Increases 2025 power capacity to 648 MW, up 170% from current 240 MW--Company establishes 2025 guidance of over 35 EH/s-
What type of business is Bitfarms?
Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in North America. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada. It also undertakes hosting of third-party mining hardware. The company was founded in 2017 and is headquartered in Toronto, Canada.
What sector is Bitfarms in?
Bitfarms is in the Financial Services sector
What industry is Bitfarms in?
Bitfarms is in the Capital Markets industry
What country is Bitfarms from?
Bitfarms is headquartered in Canada
When did Bitfarms go public?
Bitfarms initial public offering (IPO) was on 16 August 2019
What is Bitfarms website?
https://www.bitfarms.com
Is Bitfarms in the S&P 500?
No, Bitfarms is not included in the S&P 500 index
Is Bitfarms in the NASDAQ 100?
No, Bitfarms is not included in the NASDAQ 100 index
Is Bitfarms in the Dow Jones?
No, Bitfarms is not included in the Dow Jones index
When does Bitfarms report earnings?
The next expected earnings date for Bitfarms is 08 August 2024