Bitfarms said it was impacted by a decline in Bitcoin prices last year. The company is now five months into its pivot from Bitcoin mining to HPC and AI.
Related Posts
Dogecoin Divergence Formation At This Level Could Trigger Major Move
The price of Dogecoin (DOGE) is steadily approaching a critical level that could shape its next significant move. According to a crypto analyst closely tracking the meme coin’s price action, a reaction at this key level could form a “divergence,” a technical pattern often associated with a major trend reversal. Dogecoin Divergence Setup Could Trigger […]
Nexo Hit With $500K California Fine Over ‘Unlawful’ Loan Practices
Nexo, a crypto lending platform, agreed to pay a $500,000 penalty after California regulators said it made thousands of loans without the proper state license. Related Reading: Crypto Gets A Wall Street Upgrade As Nasdaq And CME Deepen Ties According to the California Department of Financial Protection and Innovation, the actions involved loans backed by […]
Iran Ceasefire Drives Bitcoin Above $75,000, But Can It Push BTC To $100,000?
Bitcoin has climbed back above $75,000 as easing Middle East tensions helped reduce risk appetite and led to inflows into the crypto industry. A 10-day ceasefire linked to the Israel-Lebanon front and Iran’s declaration that the Strait of Hormuz is open to commercial shipping all helped cool oil prices and improve sentiment across stocks and […]