Bitfarms Spending Plan & Bitcoin Reduction in April

TinTucBitcoinOfficial · 2025-05-04T15:09:38+00:00

Bitfarms updates operations by focusing on existing machines for growth, not new purchases. Shifting to high-performance computing and energy infrastructure development highlights strategic changes for adapting to market trends.

TinTucBitcoinOfficial

2025-05-04 15:09:38

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Update on Bitfarms Activities

The Bitcoin mining company, Bitfarms, listed on Nasdaq, has announced its operational report for April. Bitfarms does not plan to purchase large-scale Bitcoin mining machinery in 2025 or 2026. Instead, they will leverage previously purchased machinery to achieve this year’s growth targets.

New Development Strategy

Instead of investing in new hardware, Bitfarms will focus on developing the high-performance computing (HPC) sector and expanding its energy infrastructure. This is a strategic move aimed at optimizing existing resources and preparing for the long-term future.

Bitcoin Production and Assets

In April, Bitfarms’ mining output was 268 BTC, averaging 8.9 BTC per day. Their Bitcoin reserves decreased to 1,005 BTC from 1,140 BTC last month. Based on the Bitcoin price on April 30, this asset is equivalent to 94 million USD.

Conclusion

The report highlights Bitfarms’ strategic changes in the context of the volatile cryptocurrency market. This change demonstrates the company’s ability to adapt and adjust to market trends and technology.

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