North American mining company Bitfarms is down! Add 1,000 bitcoins to $ 43.2 million

Bitfarms, a cryptocurrency mining company listed on the Canadian TSX Ventures, announced on the night of the 10th that it had spent $ 43.2 million to increase its holdings by 1,000 Bitcoins.

According to official data, Bitfarms will buy Bitcoin in the first week of January this year. To date, Bitfarms holds 4,300 Bitcoins.

Although the Bitcoin market has fallen recently, it has already fallen below the $ 40,000 level on the evening of the 10th (10) and made traders more unhappy, but now is also a good time to increase the price of consultation. We buy shots one after the other.

Emiliano Grodzki, founder and CEO of Bitfarms, told the media that the reason they chose to buy more bitcoin today is to keep it as soon as possible and at the lowest cost. He added, “With the decline in Bitcoin and the cost of mining equipment still high, we are seizing the opportunity to convert our cash into Bitcoin. We are committed to the successful growth of the business. end of 2022. (As of November of last year, Bitfarms' energy extraction is 2EH / s.)

Specifically, Bitfarms announced last week that the company mined a total of 3,452 bitcoins last year.