Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
Category Archives: ESG, Financial Inclusion, Sustainable Finance
Lynn Johannson, President of E2 Management Corporation and Catalyst for THE Collaboration Joins the National Crowdfunding & Fintech Association of Canada’s Advisory Group
NCFA Canada | Craig Asano | January 4, 2024
Lynn Johannson, Advisor, Sustainability and ESG
TORONTO, JAN 4, 2023 – The National Crowdfunding & Fintech Association of Canada (NCFA) today announced that Lynn Johannson President of E2 Management Corporation and Catalyst for THE Collaboration, has joined the Association`s Advisory Group to advise on the areas of Sustainability and ESG.
In a career that spans over 3 decades and 4 continents, Lynn has chalked up many firsts as an environmental entrepreneur and maverick. She is passionate about connecting the dots between the power of nature’s genius and the opportunity to enhance better business by greening productivity. She was the first woman to be invited into the Advanced Technology Think Tank (ATTT). She was elected to the Royal Society for the Arts, Manufactures and Commerce for innovating a bridge between the world of Environmental Management and the accounting profession.
In addition to her work leading a niche consulting firm, she is the Catalyst for a cross industry group, THE Collaboration, whose common bond is ISO 14001. The group leverages international standards to demonstrate how better environmental management can be used to enhance the value proposition for their companies.
Lynn’s first exposure to NCFA was at a conference where Craig Asano was presenting on crowdfunding. He hooked her interest as she was exploring opportunities for on-bill financing for small businesses as a mechanism to fund green productivity.
Lynn Johannson President of E2 Management Corporation and Catalyst for THE Collaboration:
“Craig’s explanation of the opportunities in Fintech triggered an explosion in my head of the potential for a more effective means of financing capital for sustainability for small business. Subsequent encounters with the innovative thinkers who are part of the NCFA community were addictive. I value NCFA as a tireless promoter of finding the right balance between controls to ensure trust and the maverick, entrepreneurial spirit that the sector needs to accelerate the greening of finance. So honoured to be part of the NCFA advisory team!”
Craig Asano, Founder and CEO, NCFA Canada:
"I am thrilled to welcome Lynn Johannson to NCFA’s advisory team, a forward-thinking and long standing member of our community. Lynn's remarkable journey, spanning over three decades across four continents, is a testament to her pioneering spirit and unwavering commitment to environmental sustainability. Lynn's perspective will be invaluable as we advocate for a balance between trust and the entrepreneurial spirit necessary to accelerate the greening of finance."
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About National Crowdfunding & Fintech Association of Canada
NCFA Canada is a non-profit financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners, and affiliates to create a vibrant and innovative fintech and funding industry in Canada. For more information, please visit: www.ncfacanada.org
MEDIA CONTACT:
Craig Asano
Founder and CEO
NCFA Canada
casano@ncfacanada.org
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Lynn Johannson, Advisor, Sustainability and ESG
Lynn Johannson, Advisor, Sustainability and ESG
Lynn Johannson, President of E2 Management Corporation and Catalyst for THE Collaboration
In a career that spans over 3 decades and 4 continents, Lynn has chalked up many firsts as an environmental entrepreneur and maverick. She is passionate about connecting the dots between the power of nature’s genius and the opportunity to enhance better business by greening productivity. She was the first woman to be invited into the Advanced Technology Think Tank (ATTT). She was elected to the Royal Society for the Arts, Manufactures and Commerce for innovating a bridge between the world of Environmental Management and the accounting profession.
In addition to her work leading a niche consulting firm, she is the Catalyst for a cross industry group, THE Collaboration, whose common bond is ISO 14001. The group leverages international standards to demonstrate how better environmental management can be used to enhance the value proposition for their companies.
Lynn’s first exposure to NCFA was at a conference where Craig Asano was presenting on crowdfunding. He hooked her interest as she was exploring opportunities for on-bill financing for small businesses as a mechanism to fund green productivity.
“Craig’s explanation of the opportunities in Fintech triggered an explosion in my head of the potential for a more effective means of financing capital for sustainability for small business. Subsequent encounters with the innovative thinkers who are part of the NCFA community were addictive. I value NCFA as a tireless promoter of finding the right balance between controls to ensure trust and the maverick, entrepreneurial spirit that the sector needs to accelerate the greening of finance. So honoured to be part of the NCFA advisory team!” -- Lynn Johannson
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Blockchain Technology in Agribusiness: Enhancing Transparency and Traceability
Jan 4, 2024
Image by jcomp on Freepik
We are living in a world today that is becoming increasingly reliant on information technology, and the agricultural sector is not excluded. Global agribusinesses are undergoing a technological transformation, and with this, new challenges have arisen. Agricultural experts are looking for ways to address transparency and traceability, among other challenges, and blockchain technology is rising to the occasion. This article explores how blockchain is enhancing transparency and traceability in agribusiness and its potential impact on the entire food supply chain.
What is Blockchain Technology?
Blockchain is a distributed ledger that records transactions across multiple computers in a secure and transparent manner. Each transaction, or block, is linked to the previous one, forming a chain of blocks. This chain of blocks can then be shared across a public or private network.
The blockchain can be used to manage any type of data, which makes its scope far-reaching and useful to a variety of fields. Individual blocks in this chain cannot be changed, which help ensure the information produced can be trusted. Blockchain technology offers a secure and tamper-resistant way to record and verify transactions, which provides solutions for industries like agribusiness where trust and transparency are crucial.
Challenges in Agricultural Supply Chain
The agribusiness supply chain is vast and complex and involves farmers, processors, distributors, retailers and consumers. The number of parties involved in the agricultural process often creates challenges, specifically when it comes to transparency and traceability.
Food safety is perhaps one of the most important areas where transparency and traceability matter. Contamination and foodborne illnesses can create large problems for public health, and identifying sources of contamination, tracing their origin, and dealing with them in a timely manner is very important.
A lack of transparency from agribusinesses can lead to industry-wide inefficiencies, with individual farms trying to grapple with the challenges of climate change, changing food trends, and food regulations on their own. Furthermore, a lack of transparency can lead to mislabeling, adulteration, and false claims about the origin of products that can deceive consumers and break down trust in the industry.
How Blockchain Technology is Addressing these Challenges
Blockchain technology is offering solutions to these transparency and traceability challenges by providing real-time information about the origin, processing and distribution of agricultural products. Farmers can utilize blockchain to trace the entire farm-to-table process and address any inefficiencies in their own operations. They can get information on the latest regulations, products and climate challenges. In the event of a food safety issue, blockchain technology can quickly and easily trace the contamination and deal with the source.
See: SG Launches First Digital Green Bond on Ethereum
Because blocks cannot be altered or deleted after they are added to the blockchain, and because the blockchain is operated on a decentralized network of computers, farmers who are accessing the information produced can be sure that it is trustworthy. Receiving trustworthy and up-to-date information like the blockchain provides can greatly impact a farm’s success.
Conclusion
Blockchain technology is revolutionizing the agricultural world by enhancing transparency and traceability throughout the supply chain. As agricultural experts assist agribusinesses in facing challenges related to transparency and traceability, blockchain provides a solution that has the potential to reshape the future of the global food supply chain. It is not only a technological advancement, but a shift toward a more sustainable and accountable future.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Unleashing Financial Potential: The Quiet Revolution of Fintech Inclusion
Dec 15, 2023
Image by rawpixel.com on Freepik
In the ever-changing landscape of financial technology, a profound narrative quietly reshapes the dynamics of financial inclusion. The rapid evolution of fintech in Canada and globally underscores the transformative power of technology in making financial services accessible to all, irrespective of their socio-economic backgrounds.
Grant Management Companies: Shaping the Landscape of Inclusive Innovation
Enter grant management companies, playing pivotal yet understated roles in fostering inclusive innovation. Grant management companies are dedicated to supporting projects that bridge financial divides. Their commitment goes beyond mere financial assistance; it extends to mentorship, guidance, and creating a network of like-minded individuals and organizations, all working towards a common goal – a more inclusive financial future.
Grant Management: The Unsung Hero of Inclusive Fintech
Delving into the heart of inclusive fintech reveals the unsung hero – effective grant management. Grant management is the cornerstone that enables organizations to strategically allocate resources strategically, maximizing their impact on initiatives aimed at financial inclusion. It is through well-managed grants that projects gain the essential support to flourish, leaving a lasting imprint on communities.
In the sphere of grant management, these organizations provide invaluable support to projects that echo the principles of financial inclusion. Their contributions extend far beyond financial aid; they offer mentorship, guidance, and a network of collaborators united in the pursuit of a more inclusive financial landscape.
Navigating Challenges, Embracing Opportunities
Despite the strides made in inclusive fintech, challenges persist. Regulatory complexities, technological literacy gaps, and infrastructure limitations remain obstacles that demand attention.
A Collaborative Future for Financial Inclusion
As we journey forward, it's essential to recognize the collaborative efforts shaping the future of inclusive fintech. In summary, the transformative impact of fintech on financial inclusion is an ongoing narrative that demands collective commitment.
The Journey Continues: A Closer Look at Fintech's Impact on Financial Inclusion
To grasp the full extent of fintech's influence on financial inclusion, let's delve deeper into some tangible examples. Mobile banking apps, digital payment platforms, and blockchain-based solutions are revolutionizing the way people access and manage their finances. These innovations are particularly crucial for those in underserved communities, providing them with tools to break free from traditional financial constraints.
Case in Point: Mobile Banking Empowering the Unbanked
Mobile banking applications have become a game-changer, especially for individuals who have limited or no access to traditional banking services. These apps allow users to conduct financial transactions, access credit, and manage their funds—all from the convenience of their smartphones. The simplicity and accessibility of mobile banking contribute significantly to financial empowerment, bringing a substantial portion of the population into the formal financial system.
Image by Freepik
Digital Wallets: A Gateway to Financial Inclusion
Digital wallets are another facet of fintech that is transforming the financial landscape. By allowing users to store, send, and receive money electronically, digital wallets eliminate the need for physical currency and traditional banking infrastructure. This is particularly advantageous for those residing in remote areas or regions with limited banking infrastructure, as it provides them with a secure and efficient means of participating in the economy.
Blockchain's Role in Inclusive Finance
Blockchain technology, often associated with cryptocurrencies, holds immense promise for financial inclusion. The decentralized nature of blockchain ensures transparent and secure transactions, reducing the dependency on traditional banking systems. This is particularly beneficial for individuals who lack access to formal banking institutions, providing them with a decentralized and inclusive financial infrastructure.
Global Perspectives: Fintech Trends Shaping Financial Inclusion
Looking beyond Canada, it's essential to recognize global fintech trends that contribute to inclusive finance. Reports and studies from reputable sources shed light on the evolving landscape and the role of technology in expanding financial access.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Navigating the Green Wave: Sustainable Logistics in Fintech Landscapes
Dec 15, 2023
Image by kjpargeter on Freepik
In the dynamic realm of financial technology (fintech), a fascinating convergence is taking place between sustainable supply chains and innovative financing solutions. This article explores the symbiotic relationship between eco-friendly logistics and fintech-oriented financing, casting a spotlight on the subtle yet impactful role of pallets, particularly in the UK.
Unraveling the Fintech Thread in Sustainable Supply Chains
At its essence, fintech is synonymous with innovation, driving positive change for businesses and consumers alike. The spotlight on sustainable supply chains is drawing attention to how fintech, in its various forms, can not only bolster environmental initiatives but also serve as a financial backbone for businesses embracing sustainability.
Fintech's Green Thumb: Financing the Eco-Future
As businesses worldwide pivot toward greener supply chain practices, the need for inventive financing solutions becomes apparent. Fintech steps into this arena, offering diverse tools and platforms, from peer-to-peer lending to blockchain-based smart contracts, to underpin sustainable initiatives financially.
In the United Kingdom, where sustainability is a key focus, businesses are exploring new avenues to align their operations with eco-friendly practices. In this context, even seemingly mundane elements like pallets play an integral role in the broader green transformation.
Harmony in Sustainability: Pallets in the UK
In the UK, the adoption of environmentally friendly pallets stands out as a cornerstone of sustainable supply chain practices. These pallets, often crafted from recycled materials, play a dual role by meeting logistical needs and aligning with sustainability objectives, thereby minimizing the environmental footprint of supply chain operations.
Businesses in the UK are increasingly attuned to the significance of pallets that not only serve their logistical requirements but also align with their sustainability goals. A noteworthy solution gaining traction is the utilization of plastic pallets. These resilient alternatives to traditional wooden pallets offer sustainability benefits, contributing to a more eco-conscious supply chain.
The Unsung Heroes: Plastic Pallets in Sustainable Logistics
Plastic pallets, exemplified by innovative companies in the UK, are engineered for longevity. Beyond enduring the rigors of transportation, they contribute to reducing the carbon footprint of the supply chain. Their durability and recyclability symbolize the sustainable solutions that fintech-oriented businesses can seamlessly incorporate.
In the broader fintech landscape, integrating sustainable practices is not merely about meeting regulatory standards; it's about fortifying businesses for the future. Investors and stakeholders increasingly gravitate toward companies showcasing a commitment to environmental responsibility. Fintech platforms facilitating financing for such initiatives are becoming pivotal players in this evolving space.
Image by Freepik
Fostering Change through Unified Efforts
The synergy between fintech and sustainable supply chains extends beyond the UK. Globally, businesses recognize the imperative to invest in green initiatives. Fintech, with its expansive reach, fosters collaboration and knowledge exchange among businesses dedicated to driving positive environmental change.
In summation, as the fintech ecosystem evolves, so does its role in shaping sustainable business practices. From supporting green supply chain financing to fostering global collaborations for positive change, fintech remains at the forefront of creating a more sustainable and vibrant industry.
By acknowledging the subtle yet indispensable role of pallets in the UK's sustainability narrative, businesses can actively contribute to the larger goal of creating real value for both enterprises and consumers. As we navigate the dynamic landscape of fintech, let's not forget the unsung heroes of sustainable logistics – the pallets that quietly usher us into a greener future.
Closing Thoughts on Fintech and Sustainable Horizons
As we traverse the intertwined realms of fintech and sustainability, it's evident that the impact extends far beyond individual businesses. The collective adoption of eco-friendly practices and fintech-driven financing is reshaping the landscape of global commerce.
See: Sustainability: A Must for Fintech Growth
In this era of heightened environmental consciousness, businesses that incorporate sustainable practices aren't merely checking a box; they are future-proofing their operations. The narrative of sustainability is becoming a decisive factor in shaping consumer perception, attracting investments, and forging partnerships. This convergence of green logistics and fintech is more than a trend; it's a paradigm shift with far-reaching implications.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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The Methods and Benefits of Sustainable Construction
Nov 29, 2023
Image by studiogstock on Freepik
Nowadays environmental concerns have reached critical levels, that’s why sustainable construction practices have emerged as a beacon of hope. These practices not only help protect our planet but also offer numerous advantages to homeowners and builders alike. In this article, we will dig into the methods and merits of sustainable construction.
Methods of Sustainable Construction
Here are some key principles and methods integral to sustainable construction:
1. Energy Efficiency
One of the foundational pillars of sustainable construction is ensuring that homes are constructed with energy efficiency and environmental sustainability at their core. This is where the auditing platform for home renovation grants comes into play. Such platforms provide valuable resources and support to homeowners and builders who are committed to accessing grants and incentives for sustainable construction projects.
Sustainable construction places a strong emphasis on optimizing energy usage. Lighting serves as a crucial component of any building, and the choice of lighting fixtures holds the potential to dramatically impact energy efficiency. LED lights have emerged as the go-to choice for sustainable construction due to their myriad of benefits. LED lights are remarkably energy-efficient, consuming significantly less electricity compared to traditional incandescent or fluorescent bulbs. This substantial reduction in energy consumption translates into lower utility bills and a considerably smaller carbon footprint.
What's more, LED lights boast an extended lifespan, requiring fewer replacements, which leads to reduced maintenance costs and less waste. Moreover, LED lighting can seamlessly integrate with smart lighting systems, affording precise control and automation to further optimize energy usage within a building.
2. Green Insulation and Green Buildings
Sustainable construction often employs eco-friendly insulation materials that have a lower environmental impact. Additionally, green building designs prioritize features like passive solar heating, natural ventilation, and efficient space planning to reduce energy demands and create more comfortable living and working environments.
3. Recycled Materials
Reusing and recycling construction materials, such as reclaimed wood, recycled steel, and repurposed bricks, helps reduce the demand for new resources and minimizes waste sent to landfills. Sustainable construction embraces the concept of "reduce, reuse, and recycle" in every phase of a project.
Steel buildings have emerged as a cornerstone of sustainable construction for several compelling reasons. Firstly, steel is renowned for its exceptional durability and longevity, reducing the need for frequent maintenance and replacements. This durability inherently contributes to the overall sustainability of a building.
Additionally, steel buildings can be meticulously designed to be energy-efficient, incorporating features like insulation, cool roofing, and energy-efficient windows to minimize energy consumption.
4. Cool Roofs
Cool roofs, designed to reflect more sunlight and absorb less heat than traditional roofs, help reduce indoor temperatures and the urban heat island effect. This can lead to lower cooling costs and increased comfort for occupants.
5. Water Management
Sustainable construction employs innovative water management techniques like rainwater harvesting, graywater recycling, and efficient plumbing systems to reduce water consumption. These methods conserve this precious resource and decrease the energy required for water treatment and distribution.
6. Energy Conservation
Beyond energy-efficient technologies, sustainable construction advocates for energy conservation through mindful design. This includes features like well-placed windows for natural daylighting, smart building controls, and passive design strategies that reduce the need for artificial lighting and heating.
7. Low-Impact Landscaping
Sustainable construction extends to the surrounding landscape, where native plants, permeable pavements, and water-efficient irrigation systems are used to create outdoor spaces that complement the eco-conscious ethos of the building itself.
Benefits of Sustainable Construction
Here are the common benefits of sustainable construction:
1. Economic Prosperity
Sustainable buildings are more energy-efficient, resulting in lower utility bills for occupants. Reduced maintenance expenses, thanks to the use of durable and eco-friendly materials, further contribute to financial efficiency.
The commitment to sustainability also positions companies and organizations as responsible corporate citizens, improving their reputation and attracting environmentally conscious customers and investors. In this way, sustainable construction not only bolsters the bottom line but also promotes economic resilience and competitiveness in an increasingly environmentally aware market.
2. Improved Quality of Life
Sustainable construction places a premium on the well-being of building occupants. This leads to healthier living environments, minimizing the risk of respiratory issues and allergies. Additionally, access to natural light, along with thermal comfort, has been linked to increased productivity and overall well-being, improving the quality of life for occupants.
Sustainable construction thus goes beyond the structure itself, it fosters spaces where individuals thrive, leading to happier and more productive communities.
3. Financial Efficiency
Energy-efficient designs and technologies reduce energy consumption, leading to significantly lower utility bills for building occupants. The incorporation of renewable energy sources, such as solar panels, can even turn buildings into energy producers, generating income through excess energy sold back to the grid.
Moreover, sustainable construction projects often qualify for tax incentives, rebates, and grants offered by governments and municipalities. These financial incentives offset initial investments and make sustainable building practices more financially attractive for builders and developers.
Additionally, the use of durable and low-maintenance materials, coupled with efficient building systems, reduces ongoing operational and maintenance expenses. This translates into further cost savings over the life of the building, solidifying the financial efficiency of sustainable construction.
4. Health and Comfort
Sustainable buildings are often designed to offer improved indoor air quality and natural lighting, which can significantly enhance the health and comfort of occupants. Enhanced ventilation and reduced exposure to harmful chemicals in building materials contribute to a healthier living environment.
5. Market Value
Sustainable buildings tend to command higher market values and are highly sought after by environmentally conscious buyers. This increased demand can translate into higher property resale values, making sustainable construction a sound financial investment.
See: Sustainability: A Must for Fintech Growth
In conclusion, sustainable construction practices offer a multitude of benefits for homeowners, builders, and our planet. Embracing sustainability in construction allows us to create greener, more energy-efficient, and cost-effective buildings while contributing to a healthier planet for generations to come. The journey toward sustainable construction is not only responsible but also highly rewarding for all stakeholders involved.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Bitfarms Ltd. Announces Upgrade to Its Mining Operations
Bitcoin Mining | Nov 28, 2023
Image by Freepik
Bitfarms Ltd., a Canadian-based and publicly traded on NASDAQ and TSX, a leading global bitcoin mining company, recently announced a significant upgrade to its mining operations to boost the company's operational capacity and efficiency.
The upgrade involves the acquisition of 35,888 Bitmain T21 miners, with an option for an additional 28,000 units, potentially elevating Bitfarms' operational capacity to an impressive 17 EH/s and 391 MW by the second half of 2024.
See: One of Biggest Bitcoin Mining Firms in Canada, Bitfarms, to Adjust HOLD Strategy
- Last week, Bitfarms announced a $60 million Canadian private placement with U.S. institutional investors with the net proceeds from this private placement earmarked for the acquisition of new miners, expansion of infrastructure, and enhancement of the company's working capital.
- Bitfarms' purchase of 35,888 Bitmain T21 miners, priced at $2,660 each, enables unparalleled efficiency and mining power. This upgrade aligns with the upcoming bitcoin halving in April 2024, an event that typically triggers increased market activity and valuation fluctuations.
- The new T21 miners boast a highly efficient 3 Phase 415v PSU and High Energy Mode, aligning with global shifts towards sustainable mining practices.
Third Quarter 2023 Results
Bitfarms Ltd.'s financial results for the third quarter of 2023 highlights the company's earnings of 1,172 BTC, an increase in hashrate to 6.1 EH/s, and the development of operating capacity to 290 MW in Q1 2024. The report also covers the company's strategic expansions and upgrades in its mining operations, including the use of renewable power in Québec and low-cost energy in Latin America.
Importance of the Upgrade
Bitfarms Ltd.'s strategic upgrade demonstrates a forward-thinking approach, balancing technological advancement with environmental responsibility. This move not only prepares Bitfarms for the upcoming challenges in the cryptocurrency world but also sets a new benchmark for others in the industry.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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