The two farms are said to house 21,000 Bitcoin mining rigs and generate over 2 EH / s.
- Bitfarms has started building two new mining farms in Canada.
- “Both farms will benefit from our existing low-cost contracts that provide green water power at an average cost of just $ 0.04 per kilowatt hour,” said the CEO.
- The company expects to house 21,000 rigs and, upon completion, produce a hashrate capacity of 2.1 EH / s.
Bitcoin miner Bitfarms announced that it is building two new mining farms in the city of Sherbrooke, Québec, which will be completed in phases in the first two quarters of 2022 and will house a total of 78 megawatts (MW) of electricity capacity. The company expects 21,000 Bitcoin miners who together can generate over 2 exahashes per second (EH / s).
“We are committed to increasing our capacity and hashrate in a cost-effective manner and have worked closely with the city of Sherbrooke to accelerate our expansion,” said Emiliano Grodzki, CEO of Bitfarms, in the announcement. “Both farms will benefit from our existing low-cost contracts that provide green water power at an average cost of just $ 0.04 per kilowatt-hour.”
The Toronto-based miner currently has five fully functional farms and two under construction. With this new project, Bitfarms is now working to set up four Bitcoin mining farms in the coming years.
“Similar to all of our other farms in Québec, they are passively cooled by the Canadian climate, which reduces overall energy consumption and operating costs,” added Grodzki.
Bitfarms has grown into a global bitcoin miner trying to increase its operations. The company expects to have hashrate capacity of 3 EH / s by the end of the first quarter of 2022 and 8 EH / s by the end of the year.
In early October, the miner signed engineering, procurement and construction contracts in Argentina to build a new mining farm there, which is expected to house 55,000 new mining rigs by 2022 and achieve a total output of 210 MW.
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