Bitfarms Ltd. (TSE:BITF) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Bitfarms Ltd., a key player in the Bitcoin mining sector, has significantly expanded its mining capabilities by fully exercising its purchase option for 28,000 Bitmain T21 miners and acquiring an additional 23,908 miners at competitive rates. This strategic move, aimed at bolstering its mining fleet and operational efficiency, positions the company to achieve an impressive 21 EH/s hashrate by 2024, aligning with its growth and efficiency goals in anticipation of a bullish Bitcoin market.
For further insights into TSE:BITF stock, check out TipRanks’ Stock Analysis page.
