By Hannah Perez The miner sold 3,000 BTC, almost half of its treasury of the flagship cryptocurrency, as part of a strategy to readjust its reserves amid falling prices. *** Bitfarms sold almost half of its BTC to reduce debt and increase its liquidity. The company still has 3,349 bitcoins, and it produces 14 BTC …
By Daily EditorBitcoin Data such as the location and energy capacity of the mining farm Bitfarms They were revealed by Argentine media. *** In October we revealed that Canadian-based mining giant Bitfarms had revealed the construction of a mega mining farm in Argentina. Much was said at that time, but there were things that remained …
Bitfarms’ Bitcoin mining farm in Argentina already has a confirmed location: it will be in the town of Córdoba, at the Modesto Maranzana Thermoelectric Power Plant, owned by the Albanesi group. The installation of the Albanesi group will also sell the necessary energy for the Bitcoin mining operation that Bitfarms will have in the South …
Bitfarms farm in Argentina to mine bitcoins with surplus energy from private plant Read More »
Key facts: Bitfarms current mining power is 1.6 EH / s over the total 157 EH / s of the Bitcoin network. The 21,000 miners would be installed in the Sherbrooke community in Canada. Bitfarms continues to bet on geographically distributing its bitcoin mining operations. According to recent reports, the company with miners in Argentina, …
Bitfarms would double its hashrate with 21,000 new Bitcoin miners Read More »
Key facts: Deputy Martín Berhongaray asks if Argentina will support Bitfarms’ energy consumption. Bitfarms would save 45% on bitcoin mining costs in Argentina compared to Canada. Bitfarms, a Canadian-based company dedicated to cryptocurrency mining, will be installed in Argentina and the deputies demand explanations about their energy consumption. The plant will be located in the …
Argentina: opposition MP rejects Bitfarms’ bitcoin mining plant Read More »
By Daily EditorBitcoin Argentine deputy Martín Berhongaray asked the government for details on the electricity he will consume Bitfarms. *** Two weeks ago, specifically on October 12, we reported that Bitfarms announced the construction of a mega mining farm Bitcoin, with 55,000 mining equipment, in Argentina. Everything seemed to be fine in the country in …