– Earned 156 BTC in May 2024 — Secured additional hydropower in Paraguay with potential to add 6 EH/s in 2025 — Increased installed hashrate to 9.5 EH/s with 7.5 EH/s operational — Improved corporate energy efficiency to 27 w/TH, up 31% Y/Y & 13% M/M — On track to deliver 21 EH/s and 21 w/TH in 2024 –
This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023.
TORONTO, Ontario and BROSSARD, Québec, June 03, 2024 (GLOBE NEWSWIRE) — Bitfarms Ltd. (NASDAQ/ TSX: BITF), a global vertically integrated Bitcoin mining company, provides its monthly production report and update on its fleet upgrade and expansion.
In May, Bitfarms secured an additional 100 MW at its Yguazu site through an amendment to the existing 100 MW Power Purchase Agreement (PPA) with the Paraguay state-owned utility, ANDE. This amendment doubles capacity at this si
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