April 19, 2024

Canadian Bitfarms bought 48,000 ASIC miners

Bitfarms, whose shares are traded on the Toronto Stock Exchange, acquired 48 thousand miners. MicroBT Companywill start deliveries in January 2022, and will finish by December.

According to a press release, Bitfarms plans toincrease the hash rate from 1 EH / s to 3 EH / s by the end of 2021 and up to 8 EH / s by the end of 2022. The current hash rate of the company allows mining about 5.7 bitcoins per day.

Bitfarms CEO Emiliano Grodsky called the deal "a cornerstone of the company's 2022 growth strategy":

“In the foreseeable future, the supply of miners will becomea serious problem due to the shortage of semiconductors. We will continue to develop infrastructure, mine cryptocurrency on our own sites and increase operational efficiency and profit. "

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