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Bitfarms Ltd T.BITF

Alternate Symbol(s):  BITF

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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Post by zoevans1on Aug 21, 2024 10:00am
132 Views
Post# 36189597

Adds 4.0 EH/s to Bitfarms’ Hashrate!!

Adds 4.0 EH/s to Bitfarms’ Hashrate!!Bitfarms to Acquire Stronghold Digital Mining

Expands and Rebalances Bitfarms Energy Portfolio to Approximately 50% in the U.S. by YE 2025, Consistent with Strategic Plan

Provides Clear Path to 950 MW Active Power Capacity

Adds 4.0 EH/s to Bitfarms’ Hashrate with Expansion Capacity of Potentially Over 10 EH/s with Fleet Refresh

Vertically Integrates into Power Generation with 165 MW of Nameplate Generated Power Capacity

Adds 142 MW of PJM Import Capacity with Long Term Expansion Potential up to 790 MW

https://investor.bitfarms.com/news-events/press-releases/detail/262/bitfarms-to-acquire-stronghold-digital-mining
 

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