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Seeking Alpha 2021-10-04 11:18:29

Bitfarms crosses 1.6 EH/s with Québec mining expansion of 450 Bitmain S19j Pro miners installation

Through the expansion of operations at its Cowansville, Québec, facility and the installation of 450 newly arrived Bitmain S19j Pro miners, Bitfarms (NASDAQ:BITF) increased its corporate hashrate to over 1.6 Exahash per second (from 1.5 EH/S earlier). "Bitfarms is committed to developing the cost-effective infrastructure to support the 55K new generation Bitcoin mining machines scheduled to be delivered between now and the end of 2022," CEO Emiliano Grodzki commented. The Cowansville expansion is a completely new 17 MW facility, which replaces Bitfarms first Bitcoin mining facility of 4 MW constructed in 2017. Hydro Québec has commenced delivering power to the facility, effective as of Oct.1; expansion increases Bitfarms' operational mining infrastructure in Québec ~19% to 82 MW. Shares trading 0.2% higher premarket

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