Bitfarms (TSE:BITF) has released an update.
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Bitfarms significantly increased its hashrate by 97% and improved efficiency by 40% in 2024, earning 2,914 BTC and expanding its operational capacity. The company is preparing for a major acquisition of Stronghold Digital Mining, aiming to diversify beyond Bitcoin mining and create long-term shareholder value.
For further insights into TSE:BITF stock, check out TipRanks’ Stock Analysis page.