Bitfarms Ltd. (TSE:BITF) has released an update.
Bitfarms Ltd. has reported a strong finish to 2023, earning 1,236 BTC in the fourth quarter, improving its gross mining margin significantly, and achieving a debt-free status to bolster financial flexibility. The company is aggressively expanding, targeting a tripling of its hashrate to 21 EH/s by the end of 2024, while also focusing on new farm development in Paraguay. These efforts are part of a comprehensive growth plan, including a major upgrade of its mining fleet and operational capacity.
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