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Post Info TOPIC: Expansion Continues

Expansion Continues

Bitfarms has been working to keep increasing its hashrate around the world. The company is currently building a mega Bitcoin farm in Argentina which will allow the company to grow mining power by 210 MW upon completion. The projection states that this facility will be able to house 55,000 miners with a very attractive energy price of 2.2 cents per kilowatt hour, according to statements from Emiliano Grodzki, CEO of Bitfarms. The company is also investing heavily in securing equipment to power these new facilities. In February, Bitfarms announced a new financing agreement with Blockfi that will allow it access to funding for up to $32 million, which will be used to continue purchasing mining equipment. Specifically, 6,100 Bitmain S19j Pros, one of the newest units released by the miner manufacturing company, will be purchased with these funds.



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