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Bitfarms: Bitcoin treasury holdings decreased to 1,005 BTC in April, and it plans not to purchase large BTC mining machines in the next two years

Bitfarms: Bitcoin treasury holdings decreased to 1,005 BTC in April, and it plans not to purchase large BTC mining machines in the next two years

2025-05-04 11:40

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ChainThink reports: Bitcoin mining company Bitfarms, listed on Nasdaq, has released its April production and operational update report, which discloses that there are no plans to purchase large-scale Bitcoin mining equipment in 2025 or 2026. Instead, the company will use previously purchased machines to achieve its growth targets for this year, shifting focus from new hardware to prioritizing high-performance computing (HPC) business and expanding its energy infrastructure. Additionally, Bitfarms disclosed that its mining output in April was 268 BTC (an average daily mining output of 8.9 BTC), and its Bitcoin treasury holdings decreased to 1005 BTC, lower than the 1140 BTC from the previous month, equivalent to approximately 94 million USD based on the Bitcoin price on April 30.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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