Bitfarms confirmed the receipt of the necessary power permits to expand production up to 100 MW at its Rio Cuarto, Argentina facility. This is expected to initially double the active capacity to 18 MW and increase the Company’s operational hashrate to 5 EH/s. The major milestones follow: During the week of April 17th, racked 2,100 new miners that were delivered earlier in March and April. On April 21st, the private power producer became fully permitted to provide up to 100 MW and enabling Bitfarms to commence purchasing low-cost power under its purchase agreement. On April 23rd, Bitfarms finished testing of the Rio Cuarto substation which is now online and capable of delivering 120 MW. By April 28th, Bitfarms expects to increase active capacity over 100% to 18 MW by: Energizing 2,100 additional miners that are racked and ready, Ending the underclocking of existing miners in line with improved economics.
Published first on TheFly
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