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Bitfarms Expands U.S. Footprint with NYC Office and GAAP Transition
Bitfarms Expands U.S. Footprint with NYC Office and GAAP Transition
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BTCCSquare news:
Bitfarms Ltd. (Nasdaq/TSX: BITF) is doubling down on its U.S. ambitions, designating a newly acquired New York City office as its second Principal Executive Office. The MOVE follows its acquisition of Stronghold Digital Mining and signals a strategic pivot toward American markets.
The company will transition from IFRS to U.S. GAAP accounting standards starting December 31, 2025—a shift CEO Ben Gagnon says will streamline reporting, cut costs, and attract institutional investors. "This aligns us with Wall Street's playbook," the statement implied, though Gagnon's full quote was truncated in the release.
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