Bitcoin miner Bitfarms reported a 87% year-over-year rise in revenue and plans to relocate to the United States.

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According to Mars Finance, The Block reported that Bitcoin miner Bitfarms' revenue in the second quarter rose by 87% year-on-year, reaching $78 million. The company plans to relocate to the United States, benefiting from President Trump's strong support for Crypto Assets and artificial intelligence. Bitfarms currently has 82% of its energy portfolio located in North America, including multiple locations in the United States and a plant in Quebec, Canada. The company plans to cease its mining operations in Argentina due to future economic uncertainty in the region. Additionally, Bitfarms has initiated a stock buyback program, and as of August 8, it has repurchased 4.9 million shares at an average price of $1.24 per share.

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