Bitfarms: Bitcoin treasury holdings dropped to 1,005 in April, and plans to no longer buy large BTC mining machines this year and next two years
Coinjie.com reported that Nasdaq-listed Bitcoin mining company Bitfarms released an April production and operation update report, which disclosed that there is no plan to purchase large Bitcoin mining machines in 2025 or 2026. It will use the machines it purchased previously to achieve this year's growth target, no longer pursue new hardware, but give priority to the development of high-performance computing (HPC) business and expand its energy infrastructure. In addition, Bitfarms disclosed that the mining output in April was 268 BTC (8.9 BTC per day), and the Bitcoin treasury holdings dropped to 1,005 BTC, lower than the 1,140 BTC last month. It is calculated based on the Bitcoin price on April 30 by approximately US$94 million.