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Bitfarms Purchases 550 PH/s of New High Efficiency Bitcoin Miners

Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, has purchased 550 PH/s of new high efficiency BTC miners for $7.7 million, using a combination of cash and vendor credits. A total of 4,660 miners were purchased for $13.94/TH with a blended energy efficiency of 28 W/TH. These miners will be used for expansion and fleet optimization, and are expected to push Bitfarms' corporate hashrate beyond their September 30, 2023, target of 6 EH/s.

Bitcoin Bitcoin $95,242.51
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