New Location Delivering 300 Petahash
Bitfarms Ltd., a global Bitcoin self-mining company, commenced production at The Bunker, located in Sherbrooke, Québec. As Bitfarms previously announced in October 2021, The Bunker is being constructed in three phases, phase one of which has been completed, and initial capacity of 12 megawatts (MW) is available and being utilized as previous miner deliveries are already installed. The Bunker increases farms in production to eight and total capacity to 118 MW.
Latest Fintech News: FinTech Platform YouHodler Lists Five New Metaverse Tokens For Staking, Lending, and Trading
“Timely construction and miner deployments are key factors to achieving our 3 exahash per second (EH/s) goal,” said Emiliano Grodzki, CEO of Bitfarms. “Energizing The Bunker moves us one step closer to meeting that target. Rapid deployment of mining assets is underway, and The Bunker is presently operating at 300 petahash. With an additional 1,000 miners contemporaneously being redeployed in Paraguay, this brings our total current hashrate to 2.7 EH/s, which is a 17% increase since the beginning of March. The Bunker, along with our nearby Leger location, will contribute a substantial boost to our goal of achieving 3 EH/s for early Q2-2022.”
Download our top whitepaper: Building Reliable and Secure Fintech Systems in 2022
Upon full buildout, The Bunker is expected to be a 48 MW facility housing 13,000 miners, anticipated to deliver 1,300 petahash per second (PH/s). Construction is being done in three phases. As described, phase one of the construction has been completed and miner deliveries and installations are underway. Phases two and three, each representing 18 MW, are proceeding as planned toward targeted completion in Q2-2022 and Q3-2022, respectively.
About Bitfarms Ltd.
Founded in 2017, Bitfarms is a global Bitcoin self-mining company, running vertically integrated mining operations with onsite technical repair, proprietary data analytics and Company-owned electrical engineering and installation services to deliver high operational performance and uptime.
Latest Fintech News: EarnUp Closes $31 Million Series C Funding Round
[To share your insights with us, please write to sghosh@martechseries.com]
