This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, July 12, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) ("Bitfarms" or the "Company"), a global vertically integrated Bitcoin data center company, today announced that its Board of Directors (the "Board") has called a hybrid special meeting of shareholders (the ...

With the S&P 500 trading near all-time highs and the possibility of rate cuts, the meme stocks season is very much on the cards. Investors should, of course, remain focused on their core long term portfolio. At the same time, it's a good idea to capitalize on the euphoria. When the meme rally is underway for a stock, 3x or 5x returns can come in the blink of an eye. These returns can change the overall health of the portfolio. Therefore, instead of missing a good opportunity and regretting it, investors sho ...

As mining becomes less profitable in higher-cost regions, mining operations are expected to respond by shifting toward areas with cheaper electricity, such as South America and Africa. This could decentralize the global hashrate, previously concentrated in North America following China's mining ban in 2021. Clarkspark (CLSK) CleanSpark's strong financial results and growth trajectory also suggest it is positioned to invest in new opportunities related to AI. In the second quarter, CleanSpark reported revenu ...

Bitfarms (NASDAQ:BITF) stock is in the news Tuesday after the Bitcoin (BTC-USD) mining company announced Ben Gagnon as its new CEO. Bitfarms notes that its selection of a new CEO is separate from its process of reviewing strategic alternatives. The company's special committee will continue to evaluate opportunities to maximize shareholder value. Bitfarms is facing ongoing pressure from Riot Platforms (NASDAQ:RIOT) as it's seeking a takeover of the BTC mining company. Its latest efforts include launching a w ...

TORONTO, Ontario and BROSSARD, Québec, July 08, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (TSX:BITF), a global vertically integrated Bitcoin data center company, today announced that the Board of Directors has appointed Ben Gagnon Chief Executive Officer, effective immediately. He was previously Chief Mining Officer. "I am honored to be appointed CEO and am excited for the opportunity to lead and work alongside such a talented team," said Mr. Gagnon. "This has been a transformational year for the Company, and ...

However, this month, the Fear and Greed Index has shifted from 'greed' to 'neutral.' Despite this, the market could see a significant upturn with expected interest rate cuts later in the year. These anticipated interest rate cuts in the latter half of the year may inject additional vitality into the market, offering considerable upside potential for penny stock investments. Grab Holdings (NASDAQ: GRAB) On the charts, GRAB stock has recorded a positive 8.03% growth since 2024 started, while the previous 365 ...

Media Contacts: U.S.: Joele Frank, Wilkinson Brimmer Katcher Dan Katcher or Joseph Sala +1 212-355-4449 Québec: Tact Louis-Martin Leclerc +1 418-693-2425 lmleclerc@tactconseil.ca Bitfarms This forward-looking information is based on assumptions and estimates of management of the Company at the time they were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future res ...

TORONTO, Ontario and BROSSARD, Quebec, July 01, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/ TSX: BITF), a global vertically integrated Bitcoin mining company, provides its monthly production report and update on its fleet upgrade and expansion. All financial references are in U.S. dollars. Executing on our strategy to cost-effectively expand our U.S. operating footprint, Bitfarms entered into a new agreement to develop a 120 MW site in Sharon, Pennsylvania. Situated strategically within the Pennsylvania ...

This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023 Ms. Philip is a recognized expert in the blockchain technology field and an accomplished finance executive with an extensive background in audit, public company reporting and mergers and acquisitions. She is the founder of MTI Conseils Inc., an accounting firm that provides outsourced accounting and CFO services ...

TORONTO, Ontario and BROSSARD, Quebec, June 27, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) ("Bitfarms" or the "Company"), a global Bitcoin vertically integrated company, today announced that its Board of Directors has unanimously approved the appointment of Fanny Philip to the Company's Board, effective immediately. With the appointment of Ms. Philip, Bitfarms' Board is now composed of five directors, four of whom are independent. "Bitfarms has tremendous momentum underway, and I am excited t ...