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Bitfarms (BITF) and Marathon Digital (MARA), two of the largest publicly-traded bitcoin miners, each announced on Monday that they had mined over 3,000 bitcoin in 2021.Canadian-based Bitfarms produced 3,452 bitcoin for the year, while U.S.-based Marathon mined 3,197 bitcoin.Bitfarms’ total holdings grew to over 3,300 bitcoin as of the end of
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“Our new $100 million BTC credit facility adds another component to our diversified financing strategy and contributes significant non-dilutive capital to fund our global growth initiatives, which include four farms with 298 Megawatts mining capacity under construction,” CFO Jeff Lucas said. Original Source
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Mining company Bitfarms said it mined 339 bitcoins in November, down from 343 in October, as network difficult increased.The Nasdaq and Toronto Stock Exchange-listed firm reported Wednesday having mined 3,089 BTC in the first 11 months of the year.Bitfarm said it was able to maintain production levels due to the
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Bitfarms (BITF), the Canadian bitcoin miner, has doubled its mining power over the last eight months, the company said in a statement on Monday.The company has increased its hashrate to exceed 2 exahash per second (EH/s) at the same time when the Bitcoin network has grown about 12%, allowing it
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“This low-cost power combined with the industry leading efficiency of the Bitmain S19j Pro means 6,200 miners in Washington could yield nearly 3.7 bitcoin per day at a cost of approximately $4,000 per bitcoin when all miners are installed,” said Ben Gagnon, Bitfarms’ chief mining officer. Source
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Canadian miner Bitfarms plans to grow its mining capacity to more than 2 exahashes (EHs) per second in November after hitting a record hashrate last month, according to a SEC filing on Monday.The miner’s October bitcoin product rose 12.5% from September, due to production from its newly built, larger production
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Bitfarms (BITF), the Canadian crypto miner, is constructing two new production facilities in Sherbrooke, Québec that are slated to be completed in two phases next year, adding 78 megawatts of capacity total.The construction is scheduled to be completed in phases during the first and second quarters of 2022 and will
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The construction of a bitcoin mega-mining farm in Argentina by Bitfarms is raising concerns for legislators. Martín Berhongaray, a national deputy, recently presented a resolution to force the government to disclose information about the installation of the facility, through representatives from the Ministries of Science, Technology and Innovation, Environment and
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Bitfarms, a bitcoin mining company, announced last week that construction is underway for a mega bitcoin mining farm in Argentina. The facility, which is designed to accommodate 55,000 miners, will be finished by next year. This is yet another signal that mining companies are looking for new areas with favorable
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“With scheduled monthly deliveries totaling 55,000 miners over the next 15 months and new high-power production facilities coming online, we are regularly increasing our hashrate towards our goals of 3 exahash per second (EH/s) in first quarter 2022 and 8 EH/s by year end 2022,” CEO Emiliano Grodzki said in
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