Bitfarms reaches hashrate of 5 EH/s

Bitfarms reached 5 EH/s of production on April 27, 2023. As disclosed on April 24, 2023, in Argentina, 2,100 new miners were energized and the underclocking of existing miners was discontinued as scheduled, directly contributing an additional 250 PH/s of total production. Geoff Morphy, CEO of Bitfarms, said, "Bitfarms reached a new all time high of 5.0 EH/s by expanding production at our Rio Cuarto farm in Argentina to 18 MW. This exciting moment reflects our team’s hard work over the last two years resulting in our largest, most advanced and lowest cost facility. With our new miner purchases and further expansion opportunities, we expect our farm in Argentina to be a significant growth driver in the coming months as we build toward our year-end goal of 6.0 EH/s."