Under the agreement, the Toronto-based Bitcoin miner will pay 40 per cent cash and 60 per cent in Bitfarms common shares for the power in Baie-Comeau. The company has also committed to leasing a site in the Côte-Nord town. (The Logic)
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Under the agreement, the Toronto-based Bitcoin miner will pay 40 per cent cash and 60 per cent in Bitfarms common shares for the power in Baie-Comeau. The company has also committed to leasing a site in the Côte-Nord town. (The Logic)
Talking point: Bitfarms’ Baie-Comeau play goes along with the company’s modus operandi of acquiring power in former industrial towns, which tend to be close to infrastructure and have otherwise unused surpluses of power. Shares of Bitfarms closed at $1.10 Tuesday, down 90 per cent from their November 2021 high.
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