Bitcoin Miner Bitfarms Enters US Market With 24 MW Farm Purchase
- Bitfarms has acquired its first U.S. property, a 24 MW farm that kickstarts its presence within the American bitcoin mining market.
- “We prioritize places with cost-effective electrical energy that enable for additional development and enlargement,” its CEO stated.
- In October, the miner began developing a 210 MW farm in Argentina and two amenities in Canada.
Canada-based bitcoin mining firm Bitfarms has entered the American market by buying a 24-megawatt (MW) facility within the state of Washington. The corporate plans to accommodate over 6,000 Bitmain S19j Professional rigs in its new farm, which will likely be fed hydroelectric energy to generate 620 petahashes per second (PH/s) of hashrate capability.
“We prioritize places with cost-effective electrical energy that enable for additional development and enlargement,” stated Emiliano Grodzki, CEO of Bitfarms, in an announcement despatched to Bitcoin Journal. “The Washington farm meets all these standards. With this acquisition, we enter the US and proceed our world enlargement to 10 farms in operation or beneath growth in 4 nations.”