Bitfarms: Focus on developing U.S. energy and HPC infrastructure rather than expanding the scale of mining machines "
According to online reports, cryptocurrency miner Bitfarms (NASDAQ/TSX: BITF) released its April operating report. The company announced a financing agreement of up to US$300 million with Macquarie Group, which will be used specifically to build a high-performance computing (HPC) data center in Panther Creek. In April, the company mined a total of 268 bitcoins, maintaining operating power at 19.5 EH/s. As of the end of April, the company held 1,005 bitcoins, valued at approximately US$94 million at the time of US$94,000 per bitcoin. CEO Ben Gagnon said the company will focus on developing U.S. energy and HPC infrastructure rather than expanding the scale of mining machines in order to create sustained shareholder value.
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