– 20 MW of MicroBT hydro-cooled miners and containers purchased with vendor credits — 30 MW air-cooled facility –
This news release constitutes a “designated news release” for purposes of the Company’s prospectus supplement dated August 16, 2021, to its short form base shelf prospectus dated August 12, 2021.
TORONTO and BROSSARD, Quebec, Aug. 07, 2023 (GLOBE NEWSWIRE) — Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, has initiated its first phase of development for its recently acquired 150 MW hydropower contracts in Paraguay announced July 19, 2023. Bitfarms will be building a new 50 MW farm at Paso Pe, Paraguay, which is located in close proximity to its Villarrica, Paraguay facility, and it expects its new farm to be fully commissioned at 50 MW in Q1 2024.
“Achieving high operating efficiencies while minimizing capex is an overarching goal in our global growth strategy heading into next year’s halving. Based on our experi
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