Bitfarms Ltd. (TSXV: BITF) announced this morning that the company has exceeded a 2 EH/s hashrate. This comes after the firm received and installed 1,500 Bitmain S19j Pro miners in November.
“Bitfarms reached the important milestone of 2 EH/s in a mere eight months compared to the 3 years and 10 months that it took us to attain 1 EH/s,” said Bitfarms CEO Emiliano Grodzki.
The crypto firm is also set to receive the en-route deliveries of 2,701 Bitmain S19j Pro miners and 400 MicroBT M30S miners to also be installed in November. Also, 48,000 MicroBT miners are scheduled for delivery in 2022.
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The company also recently announced that it has begun construction of a new 210-megawatt facility located in Argentina.
Bitfarms Ltd. last traded at $10.73 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
