Bitfarms Investment of $240M Pre-Halving for Bitcoin Mining Expansion
Wednesday, 3 April 2024, 11:00
Bitfarms' Bold Leap in the Anticipation of Bitcoin Halving
Bitfarms has confirmed the acquisition of new mining equipment as part of its fleet upgrade and expansion plan.
According to Geoff Morphy, President and CEO of Bitfarms, the company secured 28,000 Bitmain T21 miners in March.
Embracing Efficiency: The New Era for Bitcoin Miners
- These miners were obtained through a purchase option.
- Additionally, they acquired an extra 19,280 Bitmain T21 miners, 3,888 Bitmain S21 miners, and 740 Bitmain S21 hydro miners.
- “Together, with our 35,888 Bitmain T21 purchases and farm expansions announced in November, these new 87,796 miners are sufficient to reach 21 EH/s by year-end, with greater operating efficiency,” Morphy added.
Ben Gagnon, Chief Mining Officer at Bitfarms, shared insights into the immediate impact of the fleet upgrade.
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