Tagged: crypto mining

Crypto-mining Firm Bitfarms Announces Consolidation of 100% Ownership of Operating Entity “Backbone”

Crypto-mining company Bitfarms (formerly Blockchain Mining) announced on Tuesday it has reached an agreement to acquire 100% beneficial ownership of its operating entity, Backbone Hosting Solutions Inc. Bitfarms reported it will acquire an aggregate of 26,295,655 class A voting common shares of Backbone (purchase shares) being the… Read More

Crypto-mining Firm Bitfarms Announces $5 Million Tranche of Loan Financing

Crypto-mining company Bitfarms (formerly Blockchain Mining) announced on Monday it has drawn down the fourth and final debt financing tranche of $5 million under its loan agreement with DC BFL SPV LLC. Backbone Hosting Solutions Inc., which is a subsidiary of Bitfarms Ltd. reportedly entered… Read More

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