Bitfarms Ltd. (TSE:BITF) has released an update.
Bitfarms Ltd., a leader in Bitcoin mining, has significantly enhanced its operations by installing over 5,000 advanced Bitmain T21 miners at its Garlock and Farnham facilities, boosting energy efficiency by 51%. This upgrade is part of an ambitious plan to expand the company’s hashrate and energy efficiency further with an additional 30,000 miners expected to be deployed in the second quarter of 2024, aiming for targets of 12 EH/s and 21 EH/s within the year.
For further insights into TSE:BITF stock, check out TipRanks’ Stock Analysis page.
