Bitfarms: Bitcoin Treasury Holdings Decrease to 1,005 in April, No Plans to Purchase Large BTC Miners This Year or Next

According to a report by Jinse Finance, the Nasdaq-listed Bitcoin mining company Bitfarms released its April production and operations update, revealing that there are no plans to purchase large Bitcoin mining machines in 2025 or 2026. Instead, they will use previously acquired machines to achieve this year's growth targets, prioritizing the development of high-performance computing (HPC) business and expanding their energy infrastructure over pursuing new hardware. Additionally, Bitfarms disclosed that April's mining output was 268 BTC (an average daily mining output of 8.9 BTC), with Bitcoin treasury holdings reduced to 1,005 BTC, down from last month's 1,140 BTC, equivalent to approximately $94 million based on the Bitcoin price as of April 30.