Bitfarms Bought $43.2M of Bitcoin in the First Week of January

Time：2022-01-14 Source： 891 views Trending Copy share

Bitcoin mining firm Bitfarms purchased 1,000 bitcoins worth $43.2 million during the first week of January.

The purchase increased the publicly traded firm’s BTC holdings by 30% to over 4,300, Bitfarms announced Monday.

Toronto-based Bitfarms took the opportunity offered by the crypto market’s recent dip to accumulate bitcoin at “the lowest cost and in the fastest amount of time,” CEO Emiliano Grodzki said in the statement.

“With the dip in BTC while mining hardware prices remain high, we seized the opportunity to move cash into BTC,” he added.

Bitfarms announced last week that it had mined 3,452 bitcoins in all of 2021.

By Jamie Crawley

Disclaimer : The above empty space does not represent the position of this platform. If the content of the article is not logical or has irregularities, please submit feedback and we will delete or correct it, thank you!