Vanessa posted "There also hasn't been any news/big updates on BITF.
I'm curious to know where they are headed."
This News Release of just a few weeks ago by BITF is about Big Updates. Very Big Updates...
Bitfarms Ltd. (“Bitfarms”, or the “Company”) (TSXV: BITF), one of the largest and most
costeffective public bitcoin mining operations in the world, recently deployed 1,000 new
Whatsminer M31S mining rigs, and placed an order for an additional 3,000 Whatsminer M31S+
miners scheduled for delivery in late February 2021, to significantly boost computing power and
drive the rapid growth of the global decentralized financial economy.
The 1,000 new M31S miners were deployed last week at one of Bitfarms’ high-power data
centres, adding 74 petahash (“PH”) of computing power,
thus increasing Bitfarms’ total operating hashrate to over 965 PH.
The addition of 3,000 new WhatsMiner M31S+ miners, when deployed, will increase Bitfarms’
output to over 1.2 exahash (“EH”), a significant step towards Bitfarms’ previously announced
corporate target of 3 EH.
Demand for Bitcoin has never been higher, with the price recently topping US$24,000. By
providing the computing power needed to produce new Bitcoin, miners such as Bitfarms are
providing an essential service to the global decentralized financial economy.
“The Bitcoin mining sector has been tremendously exciting following the increase of Bitcoin prices since early October.