Bitfarms estimates Argentinian facility will reduce BTC mining costs by 45%

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Bitfarms estimates it could have mined BTC for $4,125 each during Q4 2020 if its forthcoming Argentinian facility was operational.
Canadian Bitcoin mining firm Bitfarms has updated its plans for expansion in South America, revealing it has secured an eight-year contract to draw up to 210 megawatts, or MW, of electricity for $0.022 per kilowatt-hour, or kWh.According to an April 19 announcement, Bitfarms has made significant progress in solidifying the terms for its Argentinian operation since first signing a non-binding memorandum to build a 60 MW power plant in October 2020.In addition to expanding securing a 250% increase in power capacity and agreeing to a 10% increase in electricity pricing, Bitfarms revealed it is in advanced discussions with a local construction firm and engineering provider to begin building a mining facility in close proximity to its partner power plant, and is currently aiming to have begun mining B

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Źródło: https://cointelegraph.com/news/bitfarms-estimates-argentinian-facility-will-reduce-btc-mining-costs-by-45

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