According to PANews, Nasdaq-listed Bitcoin mining company Bitfarms has released its April production and operations update. The report reveals that the company has no plans to purchase large Bitcoin mining machines in 2025 or 2026. Instead, Bitfarms intends to use previously acquired machines to achieve its growth targets for this year. The company is prioritizing the development of its high-performance computing (HPC) business and expanding its energy infrastructure over acquiring new hardware.
In addition, Bitfarms reported a mining output of 268 BTC in April, averaging 8.9 BTC per day. The company's Bitcoin treasury holdings have decreased to 1,005 BTC, down from 1,140 BTC the previous month. Based on Bitcoin's price as of April 30, the holdings are valued at approximately $94 million.
