Bitfarms (TSE:BITF) has released an update.
Bitfarms Ltd. has accelerated the deployment of its Bitcoin mining operations through a hosting agreement with Stronghold Digital Mining, targeting an October energization of 10,000 new miners. This strategic move is expected to significantly boost Bitfarms’ mining capacity to 2.2 EH/s and supports the company’s ambitious growth targets for 2024 and 2025. The deal also provides Bitfarms with a robust pathway for expansion and diversification in power generation and high-performance computing.
For further insights into TSE:BITF stock, check out TipRanks’ Stock Analysis page.
