Cryptocurrency Q&A
How much money did Bitfarms raise with the sale of 1,500 bitcoin?
How much money did Bitfarms raise with the sale of 1,500 bitcoin?
Chloe_emma_researcher
Thu Feb 27 2025
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Bitfarms recently sold 1,500 bitcoin, and I'm curious about the total amount of funds they raised from this sale. I'd like to know the exact figure to understand the financial impact of this transaction.
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7 answers
CryptoNerd
Sat Mar 01 2025
The transaction involving the sale of 1,500 Bitcoin aimed to raise $34 million.
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Riccardo
Sat Mar 01 2025
The funds obtained from this sale were intended for partially repaying a loan.
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ethan_thompson_psychologist
Sat Mar 01 2025
Based on the sale amount, the average price per Bitcoin was approximately $22,001.
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Sara
Fri Feb 28 2025
Additionally, Bitfarms entered into an equipment financing agreement with NYDIG.
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ZenMind
Fri Feb 28 2025
Under this deal, NYDIG provided $37 million to Bitfarms.
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