Bitfarms (TSE:BITF) has released an update.
In June 2024, Bitfarms Ltd. reported substantial progress in its Bitcoin mining operations, earning 189 BTC and increasing its installed hashrate to 11.4 EH/s, with 10.4 EH/s operational and enhanced energy efficiency. The company is expanding strategically in the U.S. with a new 120 MW site in Pennsylvania, aiming for high-intensity computing applications, and has set ambitious targets to more than double its power capacity by 2025 while staying on track to deliver improved hashrate and efficiency by the end of 2024.
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