Bullboard - Stock Discussion Forum 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... see more

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Bitfarms Ltd > Provides 2025 Guidance of Over 35 EH/s 🚀

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Post by zoevans1 on Jun 13, 2024 10:01am

Provides 2025 Guidance of Over 35 EH/s 🚀

Bitfarms Enters into Agreement to Develop 120 MW in U.S.; Provides 2025 Guidance of Over 35 EH/s

• First U.S. large scale site supports 8 EH/s in 2025 with deployment of 600 PH/s in 2024

• Strategically located in PJM Interconnection market, providing access to low-cost, flexible power

• Increases 2025 power capacity to 648 MW, up 170% from current 240 MW

• Company establishes 2025 guidance of over 35 EH/s

“Leveraging our operational excellence and farm design expertise, we’re poised to optimize this site, facilitating efficient growth,” said Nicolas Bonta, Chairman and Interim CEO.

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