Bitfarms: There is no plan to purchase large mining machines in the next two years. The Bitcoin Treasury's holdings fell to 1,005 in April

PANews reported on May 4 that Nasdaq-listed Bitcoin mining company Bitfarms officially released its April production and operations update report, which disclosed that it has no plans to purchase large-scale Bitcoin mining machines in 2025 or 2026. It will use previously purchased machines to achieve this year's growth targets. It will no longer pursue new hardware but will prioritize the development of high-performance computing (HPC) business and expand its energy infrastructure.

In addition, Bitfarms disclosed that its mining output in April was 268 BTC (average daily mining output was 8.9 BTC), and its Bitcoin treasury holdings fell to 1,005 BTC, down from 1,140 BTC last month. Based on the Bitcoin price on April 30, this is equivalent to approximately US$94 million.