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 ...

Investing in growth stocks under $10 could prove incredibly lucrative over the long term. However, with megacap stocks dominating the market, it's easy to overlook penny stocks that could become giants in the future. Remember, today's stock market bellwethers began as humble, low-priced stocks. Source: PHOTOCREO Michal Bednarek / Shutterstock.com The firm is targeting an ambitious 35 EH/s in hash rate capacity by 2025, underscoring its commitment to scaling operations. Hence, its forward-thinking approach m ...

Bitfarms issued the following statement: Advisors About Bitfarms Ltd. Reiterates Commitment to Strategic Alternative Review Process to Maximize Shareholder Value 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 The Bitfarms Board of Directors and management team are committed to acting in the best interests of the Company and all of its shareholders. In that r ...

However, Riot Platforms isn't giving up on its plan to combine with Bitfarms. Instead, the company is bypassing the board to speak directly to shareholders of BITF stock. This has it calling for a special shareholder meeting. Bitfarms (NASDAQ:BITF) stock is in the news Monday on an update to Riot Platforms' (NASDAQ:RIOT) plan to take over the cryptocurrency mining company. Riot Platforms said the following about its plan in a news release. How This Affects BITF Stock Today RIOT stock is also slipping slight ...