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Bitfarms up 11% in U.S. Pre-market on Production Update
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Bitfarms up 11% in U.S. Pre-market on Production Update
Mar 3, 2025 5:18 AM

07:58 AM EST, 03/03/2025 (MT Newswires) -- Bitfarms ( BITF ) , up 11% in U.S. pre-market trading, on Monday said an average 7.6 bitcoin (BTC) were earned daily in February, for about US$638,400 per day based on a BTC price of US$84,000. The company earned 213 BTC in February, up from 201 the month before.

The company is on track to close its acquisition of Stronghold Digital Mining following shareholder approval. "Combined with the strategic sale of our 200 MW Yguazu, Paraguay data center, also on track for a Q1 2025 close, these accretive transactions will improve our energy portfolio and transform Bitfarms ( BITF ) into a North American energy and compute infrastructure company with lower-cost energy and high-quality assets, suitable for both HPC/AI and Bitcoin mining," Chief Executive Ben Gagnon said.

The company's shares were last seen up US$0.13, to US$1.29, in New York trading.

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