PANews reported on May 4 that Nasdaq-listed Bitcoin mining company Bitfarms officially released its production and operational update for April, which disclosed that there are no plans to purchase large Bitcoin mining machines in 2025 or 2026. Instead, it will use previously acquired machines to achieve this year's growth targets, prioritizing the development of high-performance computing (HPC) business and expanding its energy infrastructure rather than pursuing new hardware.
In addition, Bitfarms disclosed that its mining output in April was 268 BTC (an average daily mining output of 8.9 BTC), and its Bitcoin treasury holdings decreased to 1005 BTC, down from 1140 BTC last month, which is approximately $94 million based on the Bitcoin price on April 30.
