Bitfarms Q3 Report Shows $69M Revenue and $588M Raise for AI Pivot

TLDR: Bitfarms raised $588M through convertible notes, bringing total liquidity to more than $1B. Washington site will host GB300 GPUs with liquid cooling by December 2026. Q3 revenue hit $69M, while adjusted EBITDA surged to $20M from $2M last year. Bitfarms sold 185 BTC at $116,500 each under its Bitcoin 2.1 optimization program. Bitfarms is [...]

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