Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo
Seeking Alpha 2021-11-15 13:21:48

Bitfarms' hashrate doubles after installing 1.5K more crypto mining machines

Bitfarms (NASDAQ:BITF) stock rises 3.6% in pre-market trading after the company receives and installs 1.5K more Bitmain S19j Pro miners in November, increasing its hashrate to more than 2 Exahash per second. "In 2022, we expect to ramp our hashrate even faster," said Bitfarms Founder and CEO Emiliano Grodzki. In addition, "We expect to continue to outpace the Bitcoin network to drive even higher Bitcoin production numbers throughout 2022." Note that 2,701 Bitmain S19j Pro miners are on the way for delivery to be installed throughout the rest of the month. 400 MicroBT M30S miners are also scheduled to be received and installed throughout November and; 48K MicroBT miners have been purchased and are scheduled for delivery in 2022. In the beginning of October, Bitfarms (BITF) crossed 1.6 EH/s.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.