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Bitfarms Expands U.S. Operations, Boosts 2025 Targets
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Bitfarms Expands U.S. Operations, Boosts 2025 Targets

Bitfarms (TSE:BITF) has released an update.

Bitfarms Ltd., a global Bitcoin mining firm, has announced an agreement to develop a new site in Sharon, Pennsylvania with a capacity of 120 MW, aiming to support 8 EH/s by 2025. This strategic move allows the company to access low-cost power and participate in flexibility programs within the U.S.’s largest wholesale electricity market. The expansion is set to increase Bitfarms’ power capacity by 170% to 648 MW, contributing to their guidance of exceeding 35 EH/s in 2025.

For further insights into TSE:BITF stock, check out TipRanks’ Stock Analysis page.

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