Bitfarms: Canadian mining facility upgrade completed before halving, total computing power reaches 7 EH/s

According to official sources, Bitfarms has announced the completion of upgrades to its Bitcoin mining facilities at two locations in Quebec, Canada, prior to the Bitcoin halving, bringing its total hash rate to 7 EH/s. It is reported that Bitfarms installed 3,168 T21 devices at its Garlock mine in Quebec and 1,710 T21 and 100 M53S+ miners at its Farnham mine in Quebec. The latest upgrade will improve energy efficiency by approximately 51%.

Bitfarms

Comments

All Comments

Recommended for you

CointimeSG ·

This Is The Year Of Bitcoin, Not Ethereum

Also Good Performance For The Miners And The US Economy Keeps Humming Along From the 2023 bear market bottom, Bitcoin has rallied almost 500%. Breaking the $100,000 mark will likely have a significant psychological impact on investors. After 15 years and a $2 trillion market cap, even Bitcoin's strongest critics will struggle to maintain their Ponzi scheme arguments.
Chainlink ·

Chainlink Digital Asset Insights: Q3 2024

The Chainlink standard continues to see adoption across the tokenization landscape, with recent developments in Q3 underscoring how Chainlink’s decentralized infrastructure plays a pivotal role in enabling smart, scalable, and secure tokenized real-world assets (RWAs).
CointimeSG ·

Texas judge tosses out SEC's expanded 'broker' rule, which broke with 90 years of legal tradition to rope in crypto traders

A Texas court has order the U.S. Securities and Exchange Commission to throw out a controversial rule that broadly redefined the term “dealer” in a move that impacted both crypto-focused and traditional finance firms.
CointimeSG ·

Trump Media hints at crypto trading, payments in TruthFi trademark filing

The new trademark filing from Trump Media and Technology Group mentions digital wallets, cryptocurrency payment processing services, and a digital asset trading platform.
CointimeSG ·

Exness wins “Best Retail FX Broker” at Finance Magnates London Summit 2024

Exness’ participation at FMLS:24 highlights its commitment to advancing the B2B space.
CointimeSG ·

Sui Network is back up after facing 'major outage' for nearly two hours

Sui Network was down for nearly two hours due to “a bug in transaction scheduling logic.” A fix was issued, and the network is now back up.
CointimeSG ·

Building the future of RWA tokenization: X Spaces recap with MANTRA

RWA space faces challenges beyond regulation. High-quality assets and tangible value creation are critical, according to MANTRA Chain.
CointimeSG ·

Chill Guy Meme Coin Soars to $500M Market Cap on TikTok Fame

Despite its success, Chill Guy faces legal issues. Its creator reportedly plans to take action against unauthorized commercial use of the character.
CointimeSG ·

Pseudonymity isn't enough: Why some see blockchain privacy as a right

Experts emphasize that a single hack can erase a person’s pseudonymity all at once, and personalized AI is making it harder than ever to preserve.
CointimeSG ·

Pseudonymity isn't enough: Why some see blockchain privacy as a right

Experts emphasize that a single hack can erase a person’s pseudonymity all at once, and personalized AI is making it harder than ever to preserve.