Season 1 Episode 266
Bitfarms CEO Ben Gagnon joins us to discuss the company's strategic transformation, including their shift toward US operations, the Macquarie Group financing partnership, and their expansion into HPC and AI infrastructure.
• Transitioning from international operations to focus on North American assets that offer diversification opportunities beyond Bitcoin mining
• Securing a $300 million financing facility with Macquarie Group for HPC/AI infrastructure development at the Panther Creek site
• Leveraging BitFarms' 1.3-1.4 gigawatt energy portfolio as their core value proposition
• Creating a hybrid model where Bitcoin mining absorbs inefficiencies in HPC infrastructure
• Growing operational hash rate to 19.5 exahash with competitive efficiency of 19 watts per terahash
• Maintaining strong direct mining margins even at current Bitcoin prices
• Expanding the successful Synthetic Hodl program into Bitcoin One for comprehensive treasury management
• Building a multi-year growth roadmap with 955 megawatts of capacity at Pennsylvania sites
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Published on 8 months, 3 weeks ago
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