– New miners online in Argentina increase corporate operating capacity by 11 MW to 207 MW –
This news release constitutes a “designated news release” for purposes of the Company’s prospectus supplement dated August 16, 2021, to its short form base shelf prospectus dated August 12, 2021.
TORONTO, Ontario and BROSSARD, Québec, June 12, 2023 (GLOBE NEWSWIRE) — Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, reached a new hashrate high of 5.3 EH/s, up 6% from May 31, 2023.
“The first tranche of 2,982 MicroBT miners were installed and began hashing last week at our Rio Cuarto farm in Argentina. These miners contributed an additional 290 PH/s driving our hashrate to 5.3 EH/s,” said Ben Gagnon, Chief Mining Officer of Bitfarms. “With these new installations, operating capacity increased to 29 MW at Rio Cuarto and to 207 MW company-wide. An additional 3,300 miners are en route to Rio Cuarto and will improve production and energy
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