Bitfarms Ltd T.BITF

Alternate Symbol(s): BITF

Technology Software - Application

Bitfarms Ltd. is a Canada-based global vertically integrated bitcoin mining company. The Company develops, owns, and operates vertically integrated mining farms with in-house management and Company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Company’s proprietary data analytics system delivers operational performance and uptime. The Company operates through the cryptocurrency mining segment. The Company operates server farms comprised of computers (Miners) designed for the purpose of validating transactions on the Bitcoin (BTC) Blockchain (Mining). The Company also operates Miners about 24 hours a day producing computational power (measured by hashrate) which it sells to Mining Pools under a formula-driven rate commonly known as Full Pay Per Share (FPPS). The Company has 11 farms, which are located in four countries: Canada, the United States, Paraguay, and Argentina.

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Bitfarms Ltd

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Post by zoevans1on Jun 21, 2024 2:05pm

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Post# 36100428

📣 Bitfarms’ newest expansion is in Pennsylvania

Situated within the Pennsylvania-New Jersey-Maryland Interconnection (PJM), this area is rapidly adding renewable capacity, significantly contributing to the decarbonation of the grid.

"BITF will retrofit the existing structure with the expectation of bringing 12 MW online in Q4 2024 and the remaining load online in the second half of 2025. This will contribute 8 EH/s to our 2025 guidance for over 35 EH/s"

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