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Bitfarms seeks to modify loan facility with BlockFi as bear market drags on

Bitcoin (BTC) mining company Bitfarms has unveiled plans to modify an existing loan agreement with BlockFi — a move the company said would reduce its indebtedness amid the...
Bitfarms seeks to modify loan facility with BlockFi as bear market drags on
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Bitcoin (BTC) mining company Bitfarms has unveiled plans to modify an existing loan agreement with BlockFi — a move the company said would reduce its indebtedness amid the bear market.

On Jan. 13, Bitfarm disclosed that it is working with creditors to modify a loan agreement for Backbone Mining Solutions, or BMS, which owns and operates Bitfarms’ 20-megawatt mining facility in Washington state. BMS received a $32 million equipment financing loan from Bitcoin lender BlockFi in February 2022. The loan was secured against existing BMS assets, including its miners and a certain percentage of BTC produced by its mining rigs.

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08-06-2023 18:38:14 (UTC+7)

EUR/USD

1.0731

+0.0032 (+0.30%)

Summary

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EUR/USD

1.0731

+0.0032 (+0.30%)

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GBP/USD

1.2462

+0.0023 (+0.18%)

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USD/JPY

139.78

-0.35 (-0.25%)

Summary

Neutral

Moving Avg:

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AUD/USD

0.6681

+0.0029 (+0.44%)

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Moving Avg:

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USD/CAD

1.3362

-0.0008 (-0.06%)

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EUR/JPY

149.99

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EUR/CHF

0.9756

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    EUR/USD 1.0731 ↑ Sell  
    GBP/USD 1.2462 ↑ Sell  
    USD/JPY 139.78 Neutral  
    AUD/USD 0.6681 ↑ Sell  
    USD/CAD 1.3362 ↑ Buy  
    EUR/JPY 149.99 Sell  
    EUR/CHF 0.9756 ↑ Sell  
    Gold 1,959.55 ↑ Sell  
    Silver 23.782 Neutral  
    Copper 3.7435 ↑ Sell  
    Crude Oil WTI 73.16 ↑ Buy  
    Brent Oil 77.55 ↑ Buy  
    Natural Gas 2.358 ↑ Buy  
    US Coffee C 185.93 ↑ Buy  
    Euro Stoxx 50 4,295.45 ↑ Sell  
    S&P 500 4,267.52 ↑ Sell  
    DAX 15,986.84 ↑ Sell  
    FTSE 100 7,619.68 ↑ Sell  
    Hang Seng 19,299.18 ↑ Buy  
    Small Cap 2000 1,891.11 ↑ Buy  
    IBEX 35 9,386.09 ↑ Sell  
    BASF 47.255 ↑ Buy  
    Bayer 52.22 Sell  
    Allianz 209.75 ↑ Buy  
    Adidas 159.23 Neutral  
    Lufthansa 9.130 ↑ Sell  
    Siemens AG 157.94 ↑ Sell  
    Deutsche Bank AG 9.933 Buy  
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RON 95-V22.79023.240
RON 95-III22.01022.450
E5 RON 92-II20.87021.280
DO 0.05S17.94018.290
DO 0,001S-V18.80019.170
Dầu hỏa 2-K17.77018.120
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Ngoại tệMua vàoBán ra
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EUR24.502,5825.874,56
GBP28.482,5929.697,07
JPY163,25172,83
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Cập nhật lúc 18:30:59 08/06/2023
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