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Bitfarms spends $240 million to upgrade its bitcoin mining equipment

Bitfarms spends $240 million to upgrade its bitcoin mining equipment

CointimeCointime2024/04/03 08:13
By:Cointime

Bitcoin mining company Bitfarms will invest nearly $240 million to upgrade its Bitcoin mining equipment, with the goal of maintaining profitability after Bitcoin's halving in 2024. Bitfarms CFO Jeffrey Lucas said the company will purchase 88,000 high-efficiency Bitcoin mining machines. Bitfarms mined 286 BTC through mining in March 2024, with a monthly hash rate of 6.5 exahashes (EH/s).

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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