Hashoveride (₿en Gagnon)

Ben Gagnon (黄比特) Chief Executive Officer at Bitfarms #bitcoin. Opinions are my own.

[Hashoveride (₿en Gagnon) @hashoveridie]

Incredibly proud to announce this transformative deal for @Bitfarms_io $bitf to acquire 100% of @Stronghold_DM $sdig.

Tune in to the investor call at 8:30 to hear why we are so bullish on this deal!
👇

[Keel Infrastructure @keelinfra_]

Be sure to listen to our conference call on Bitfarms’ acquisition agreement at 8:30 am.👇

https://t.co/TMySi02oxn

For more details, see the full release here:

https://t.co/vzp88cdQVm

#Bitcoin $BITF

[D.R. Lewis ⚡ @Charge_Stack]

If you weren't impressed with $BITF @Bitfarms_io CEO Ben Gagnon @captainkeel before - give this Spaces a listen 👇

Transparent. Clear. Knowledgeable. BITF chose the right person to lead them IMO. All the best to the company & investors here!

[Hashoveride (₿en Gagnon) @hashoveridie]

If you missed the #Bitfarms earnings call or the Power Mining Analysis on Friday go check it out 👇

$bitf

[Anthony P⭕️wer @cazenove_uk]

“To the longs, good luck. To the shorts, get ready to cover!”

If you missed the #PowerMiningAnalysis podcast with @captainkeel (Ben Gagnon), CEO of @Bitfarms_io, we got you covered.

👉https://t.co/xCj8Ao3AnX

Also available on @Spotify, @AppleMusic, @amazonmusic and 17 more applications!!

[Hashoveride (₿en Gagnon) @hashoveridie]

Was a good day for the farmers today on Q2 earnings $bitf

[Hashoveride (₿en Gagnon) @hashoveridie]

Bitfarms Q2 earnings below 👇

Key highlights:

Increasing marketshare from faster hashrate growth than the network

Rapidly improving energy efficiency and competitive energy prices

Continuous reductions in direct hashcost of roughly 2.7c/TH/Day and trending down

[Keel Infrastructure @keelinfra_]

#Bitfarms Q2 2024 Results

See Results Presentation Here: https://t.co/u6z38IpeZW

#Bitcoin #BitcoinMining $BITF

[Hashoveride (₿en Gagnon) @hashoveridie]

Without change something sleeps inside us, and seldom awakens. The sleeper has awaken.

$bitf

[NickH @hash_bender]

We need you to lead us, Lisan al-Gagnib

$BITF @Bitfarms_io @captainkeel

[Hashoveride (₿en Gagnon) @hashoveridie]

Without change something sleeps inside us, and seldom awakens. The sleeper has awaken.

$bitf

[NickH @hash_bender]

We need you to lead us, Lisan al-Gagnib

$BITF @Bitfarms_io @captainkeel

[Hashoveride (₿en Gagnon) @hashoveridie]

Bitcoiners are born differently

[Hashoveride (₿en Gagnon) @hashoveridie]

If you missed this interview over the weekend go check out my interview with @simplybitcoin.

Was a very fun conversation and I am honoured to receive the title of Proof Of Work CEO.

[Simply Bitcoin @SimplyBitcoin]

Ben Gagnon | Proof Of Work CEO of Bitfarms | Simply Bitcoin IRL

It’s only fitting that Bitfarms new CEO proved his work to the top position. Ben Gagnon (@captainkeel) the new CEO of BItfarms talks about the future of Bitfarms, navigating bitcoin cycles, and positioning yourself correctly for the future of bitcoin mining.

Timestamps:
(00:00) - Intro
(01:08) - Ben named as new CEO of Bitfarms
(02:44) - Ben’s mining origin story
(07:47)- First days as Bitfarms new “Proof of Work" CEO
(11:18) - How Bitfarms is navigating the Halving
(14:36)- How Bitfarms differentiates itself from competitors
(19:14)- Miners finding alternative revenue sources
(24:14) - Biggest challenges Bitfarms faces in a competitive landscape
(26:42) - How a bitcoin miner gets involved in energy production
(32:05) - On why Bitfarms share value is undervalued
(37:24) - Bitcoin Mining entering the political discussion
(45:49) - Key performance indicators to watch for bitcoin miners
(48:32) - Bitfams unique POV for success
(53:40) - Where Bitfarms will be in 5 years
(56:36) - Are halving cycles over?
(1:00:32) - On diminishing returns
(1:06:07) - Outro

[Hashoveride (₿en Gagnon) @hashoveridie]

I have genuinely never been more optimistic or excited about our future. We are fully funded for our 2024 growth plan, and we are poised to deliver the greatest hashrate growth and cost improvement in our history.

Read my letter to shareholders here

https://t.co/TgGzGIr8FT

[McNallie Money @McnallieM]

First interview from @captainkeel as CEO of @Bitfarms_io ⚡️⛏️ Congrats Ben! 🎉

https://t.co/jCcbaVMd3u

[Hashoveride (₿en Gagnon) @hashoveridie]

Go check out some of my initial thoughts as @Bitfarms_io new CEO!

Let’s gooo $BITF!

[Keel Infrastructure @keelinfra_]

We’re delighted to share today’s news.

Get to know Bitfarms’ new CEO, Ben Gagnon in this interview👇

See the full press release here: https://t.co/ojAAnOUT92

$bitf #Bitfarms #Bitcoin #Blockchain

[Hashoveride (₿en Gagnon) @hashoveridie]

I am thrilled to be the new CEO of @Bitfarms_io.

This has been my personal ambition for many years and it has become a reality.

I am honoured to take on this responsibility and to have this opportunity to lead this incredible team at this amazing point in time.

Let’s go $BITF

[Keel Infrastructure @keelinfra_]

🎉Congratulations to our new CEO, Ben Gagnon!🎉

See the full press release here: https://t.co/ojAAnOUT92

[The ₿itcoin Therapist @TheBTCTherapist]

Legendary Bitcoiner, Andreas Antonopoulos, explains why governments who attempt to regulate #Bitcoin will fail miserably.

One of my favorite speeches of all time. 🤯

[Hashoveride (₿en Gagnon) @hashoveridie]

On behalf of everyone at @Bitfarms_io

You are welcome.

$bitf

[Ben Gagnon @CaptainKeel]

On behalf of everyone at @Bitfarms_io

You are welcome.

$bitf

[Bitcoin News @BitcoinNewsCom]

When someone asks what the #Bitcoin Halving is, tell them it’s the opposite of this 👀

[Hashoveride (₿en Gagnon) @hashoveridie]

Thanks for having me on the Bitcoin Halving stream @BitcoinMagazine!

[Hashoveride (₿en Gagnon) @hashoveridie]

21 blocks to go

[Hashoveride (₿en Gagnon) @hashoveridie]

On in 50 minutes

[Juan Leon @singularity7x]

Join @Matt_Hougan @RasterlyRock and myself today for a lively panel on the #BitcoinHalving featuring representatives from @MarathonDH @RiotPlatforms @CleanSpark_Inc @Hut8Corp @TeraWulfInc @Bitfarms_io @BitDigital_BTBT @Core_Scientific @ArgoBlockchain

https://t.co/jx0HJ3o0Aa

[D.R. Lewis ⚡ @Charge_Stack]

Updating info for each of my 6 #Bitcoin mining positions, one a day, smallest to largest. Today my #2 position, @Bitfarms_io $BITF - Why $BITF?

Bitfarms has a clean balance sheet (no debt), and has outlined aggressive growth plans guiding to 12 EH/s in 1H (+79% growth) and 21 EH/s by EOY (213% growth) with *very* cheap energy locked in. New T21 miners have been tested and after performing optimally at their Quebec facility, over 16 EH/s of new miners have been secured to meet these targets. First batch will begin to be installed this month in Quebec, raising EH/s to 7.

Metrics:
•MCAP $0.75B
•Currently at 6.7 EH/s
•804 #BTC in hodl, $118M liquidity
•"Synthetic HODL™" of 135 long-dated BTC call options currently up $0.5M (as of 3/7)

Growth/Forward Guidance:
•Expansion to 12 EH/s by 1H 2024 (+79% YoY)
•21 EH/s in 2H 2024 (projected +213% YoY)
•Growth at their Québec farms which will begin installing new T21 miners in March, immediately increasing hashrate to 7 EH/s and raising efficiency
•Majority of the forecast growth will be at their Paraguay facilities currently being constructed at Paso Pe and Yguazu, where they anticipate the first miners to be energized in mid-March.

Paso Pe: construction continues on track to meet 1H goals. The first air cooled warehouse has been built and the first transformer has arrived w/six more transformers arriving this week. Sub-station control room and concrete pad have been completed where the primary transformer will reside, and air-cooled warehouses come along quickly. BITF anticipates the first miners to be energized in mid-March. Upon completion, they expect Paso Pe to contribute approximately 3.2 EH/s

Yguazu: land has been purchased for a 100 MW facility across the street from a newly built ANDE sub-station powered by 500 KV line directly from the Itaipu generating station.

Growth funded by ATM: On March 8, BITF announced a supplemental $375M At-The-Market offering, allowing them to sell shares between now and November and "intends to use the net proceeds of the ATM Program, if any, primarily on capital expenditures to support the growth and development of the Company’s existing mining operations."

On March 11, BITF announced a purchase agreement for ~10 EH/s of miners for $143M, immediately using the ATM to add accretive value for shareholders. Subsequent to "tremendous performance" of the T21 miners during recent testing at Quebec, the purchase agreement with Bitmain was signed for 47,280 units of the Antminer T21 model, 3,888 units of the S21 model, and 740 S21 hydro miners. As reported in November, Bitfarms already has 6.8 EH/s of the T21 equipment on order, and now with over 16 EH/s on order, it expects to reach over 21 EH/s by the end of 2024.

Bitfarms noted that they acted quickly to secure additional miners before anticipated hardware price increases. This echoes language from $CLSK when they secured their recent purchase order for miners in January "before the anticipated rising cost of miners" that was experienced in the last bull market.

Risk/Foreign Investment:
Risk? The bulk of their expansion is located at mining facilities being built in Paso Pe and Yguazo, Paraguay. While the land and energy are cheap, there are always potential legal, financial, and jurisdictional issues to consider and weigh in foreign investments. That said, BITF (and also $MARA) have done their DD and are currently building in Paraguay, and BITF anticipates being among the lowest cost producers once hashing.
----------

$BITF has outlined for investors their "pathway to operating one of the newest and potentially most powerful mining fleets in the industry leading into what looks to be a promising bull market." Locking in over 16 EH/s of new T21 Antminers is a move that will improve hashrate, energy efficiency, and operating costs while over raising their hash over 3x by EOY. Add in the fact that Bitfarms has a clean balance sheet with no debt, and I am continuing to buy on weakness.

GL all! One left in the series, $CLSK tomorrow - here are the links to the others:
Tuesday $WULF - https://t.co/BpHECZnH1I
Wednesday $CIFR - https://t.co/8agkVtbY3c
Thursday $IREN - https://t.co/DLffIJRJfz
Friday $MARA - https://t.co/AOfPiNheyd
----> Today $BITF
Sunday $CLSK