Bitfarms, a company that mines Bitcoin (a type of digital money), shared some exciting news! They're getting bigger and better. They're buying another company called Stronghold, and selling one of their own sites.
This will help them use cheaper energy and become even stronger in mining Bitcoin and other digital tasks. They also welcomed a new leader, Craig Hibbard, to help manage their growing business.
- Bitfarms increased its Bitcoin mining power (hashrate) by 6% in February.
- They earned 213 Bitcoins in February, and sold some to manage their money.
- They now have over 1200 Bitcoins in their treasury (like a digital piggy bank).
- They're planning to finish buying Stronghold and selling their Paraguay site by the first quarter of 2025.
| Key Fact | Number/Prediction |
|---|---|
| February hashrate | 16.1 EH/s (very powerful!) |
| Bitcoin earned (Feb) | 213 |
| Bitcoins in treasury | 1260+ |
| Daily Bitcoin earnings (Feb) | ~7.6 BTC ($638,400 based on $84,000/BTC) |
