Bitfarms (TSE:BITF) has released an update.
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Bitfarms reported a $45 million revenue for Q3 2024, marking an 8% increase from the previous quarter and a 30% rise year-over-year. The company continues its strategic expansion by acquiring Stronghold Digital Mining, which will significantly boost its energy portfolio in the U.S. Bitfarms is also advancing its fleet upgrade program, leading to improved efficiency and reduced operating costs.
For further insights into TSE:BITF stock, check out TipRanks’ Stock Analysis page.
