Bitfarms runs its own Bitcoin mining operations with data centers and hardware it controls end-to-end, from site setup to daily mining activities. It generates revenue by mining Bitcoin and then holding or selling it to fund growth. The company operates mining farms in Canada, the United States, Paraguay, and Argentina and uses hydroelectric power to lower energy costs. Its goal is to expand mining capacity and provide investors with regulated exposure to crypto mining through listings on Nasdaq and the TSX.
Company Size
51-200
Company Stage
IPO
Headquarters
Brossard, Canada
Founded
2017
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