Tag Archives: Bit Farms

With China suddenly exiting the bitcoin mining space, it looks like many other companies in regions such as Canada are beginning to take over. China Is Saying “Good Bye” to BTC Mining China has been adamant about ending its bitcoin mining presence over the past few weeks. Beijing recently issued a notice to all mining companies that to become a greener nation, all crypto extraction projects would no longer be allowed within the country’s borders. Thus, if they wished to...

Canadian crypto mining firm Bit Farms is swamped with high-interest debt.How Will Bit Farms Pay Everything Off?The company has been struggling to pay off much of what it owes. Straddled with declining revenue, the company is scheduled to pay more than $20 million by the time 2021 rings in, which means the venture could be in a heap of trouble.The mining industry has been treated very poorly over the past several months largely due to the coronavirus pandemic that has been spreading across the...

Bit Farms, a cryptocurrency mining company stationed in Canada, has bought more than 2,000 new A10 Avalon mining machines to improve its mining capabilities. Bit Farms Is Moving Up the Mining RanksCanada has proven to be very attractive to foreign crypto miners, who see the company as a prime haven thanks, in part, to its low energy costs and vast open spaces – perfect for building new mining businesses. At press time, the bitcoin hash rate is breaking all sorts of records, which means that...