<a href="https://ultramining.com/news/en/bitfarms-set-to-boost-mining-capacity-with-quebec-expansion/">Bitfarms</a> has signed an agreement with <a href="https://ultramining.com/news/en/stronghold-digital-mining-hits-3-0-eh-s-hash-rate-milestone/">Stronghold</a> Digital Mining to deploy 10,000 <a href="https://ultramining.com/en/manufacturers/bitmain/">Bitmain</a> T21 miners at their Panther Creek facility. This will increase Bitfarms' operational capacity by ~2.2 EH/s in the coming weeks. 
Originally, these miners were planned for installation in <a href="https://ultramining.com/news/en/bitfarms-expands-bitcoin-mining-with-renewable-energy-in-paraguay/">Paraguay</a>, but the new agreement accelerates their deployment. CEO Ben Gagnon emphasized that this strategic move will speed up the company's <a href="https://ultramining.com/news/en/bitcoin-miners-set-for-a-tough-ride-as-2024-halving-nears-jp-morgan/">hash rate</a> growth and enhance its competitiveness. 
Collaboration with Stronghold is expected to help Bitfarms achieve its target of increasing capacity to 21 EH/s by the end of the year.

Bitfarms Accelerates Deployment of 10,000 Miners via Stronghold Agreement

Ultramining_Eng

Other articles published on Oct 2, 2024

Digital asset investment firm Canary Funds launches Canary HBAR Trust in the U.S

Lamborghini joins Animoca Brands to launch Fast ForWorld

Treasure DAO Announces New Testnet 'Topaz' in Migration to ZKsync

Best Meme Coins To Invest In Today, October 2 – Mochi on Base, Toshi, SquidGrow

BingX Exchange Hit by $26M Crypto Theft: Report

Mpeppe Presale Hits $3M As Mpeppe Releases New Telegram Gaming Platform

Join our free newsletter for daily crypto updates!