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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Somnia Launches Playground App to Empower Metaverse Creators

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    Cobie says UpOnly will return if someone buys this $20M NFT

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    Edge Matrix, CoLabs Partner to Fortify NFT Creators

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    Donald Trump Denies Claims of Profiting From TRUMP Token

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    Argentine Football Association Partners With STEPN to Launch Digital Sneakers

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    NFT sales jump 22% to $107m, Pudgy Penguins recover

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    Guild of Guardians Leads NFT Collections with $1.35M in Daily Volume As NFT Market Climbs

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    Apple Eases NFT, Crypto Rules for iOS Apps Following Antitrust Ruling

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    How the Maldives Is Building a $9 Billion Blockchain Hub to Transform Its Economy

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    The Ultimate Guide to Xociety: What You Must Know Before You Play

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    Versus Joins ION and Online+ to Elevate Web3 Gaming and Social Integration

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    The Walking Dead NFT Game to End After 3 Years—What Players Should Know

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    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

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    ETH Daddy Discusses Ethereum and AI

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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The Future of Gambling: How Casino Sites Are Leveraging Web3

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Experience to Earn: Everdome’s Metaverse Frontier

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

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    Somnia Launches Playground App to Empower Metaverse Creators

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    Drink-to-earn? A new sparkling water comes with an NFT and points

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    Cobie says UpOnly will return if someone buys this $20M NFT

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    Edge Matrix, CoLabs Partner to Fortify NFT Creators

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    Donald Trump Denies Claims of Profiting From TRUMP Token

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    Argentine Football Association Partners With STEPN to Launch Digital Sneakers

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    Pudgy Penguins #6873 Leads With Top NFT Sale Worth $360.2k

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    NFT sales jump 22% to $107m, Pudgy Penguins recover

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    Apple Eases NFT, Crypto Rules for iOS Apps Following Antitrust Ruling

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    How the Maldives Is Building a $9 Billion Blockchain Hub to Transform Its Economy

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    How to Build a Web3 dApp: Step-by-Step Guide

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    Soneium partners with Square Enix’s SYMBIOGENESIS to provide cross-game NFT rewards

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    Doodles’ $DOOD Token Launches on Solana: Tokenomics, Airdrop, and Vision Explained

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    The Ultimate Guide to Xociety: What You Must Know Before You Play

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    Versus Joins ION and Online+ to Elevate Web3 Gaming and Social Integration

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    Gaming Tokens Surge as Take-Two Rallies on Viral GTA 6 Countdown Post

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  • Blockchain
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    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    SoonVerse Partners with Arris to Enhance User Experience

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    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

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    UAE emirate launches new free zone for digital assets, Web3 and AI

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    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    What Is a Layer-0 Blockchain Protocol?

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    Most Profitable Crypto to Mine in 2025: Best Altcoins for Mining

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    Get a $50 Welcome Bonus when You Join Changelly’s Mobile App – Only This March!

    Get a $50 Welcome Bonus when You Join Changelly’s Mobile App – Only This March!

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  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

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    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

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    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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Bitfarms Expands Mining Operations With New 100 MW Facility in Paraguay, Aiming for 21 EH/s Capacity by Year End

January 25, 2024
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Bitfarms Expands Mining Operations With New 100 MW Facility in Paraguay, Aiming for 21 EH/s Capacity by Year End
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On Wednesday, Bitfarms, a bitcoin mining enterprise listed on the U.S. stock market, revealed the successful acquisition of a new site in Yguazu, Paraguay, earmarked for a 100 megawatt (MW) mining facility. This development is part of Bitfarms’ ambitious plan to escalate its capacity to 21 exahash per second (EH/s) by year’s end.

READ ALSO

MARA Reports $214M in Q1 Revenue, Grows Bitcoin Holdings to 47,531 BTC

CleanSpark Reports $181.7M in Q2 Revenue, Stays on Course to Hit 50 EH/s Bitcoin Mining Target

Bitfarms Targets 21 EH/S Capacity With New Paraguay Facility

The announcement by Bitfarms (Nasdaq: BITF) about securing land in Yguazu, Paraguay, aligns with the current trend of significant expansion observed in the mining sector. This period has seen numerous mining corporations extend their operations and procure an extensive array of tens of thousands of application-specific integrated circuit (ASIC) mining rigs.

BITF shares on Wednesday, Jan. 24, 2024.

“The newly acquired land is located in the heart of Paraguay near the Itaipú Dam, the third largest hydropower dam in the world with 14 gigawatts of installed capacity,” Geoff Morphy the president and CEO of Bitfarms remarked on Wednesday. “Positioned to benefit from the region’s abundant renewable energy resources, this new facility should be sustainable both economically and environmentally.”

Morphy added:

Once Yguazu comes online, over 85% of our portfolio will be powered by low-cost green energy that promotes environmentally sustainable bitcoin mining.

Bitfarms anticipates completing the construction phase by the latter part of 2024. This growth is a key component of Bitfarms’ strategy to boost its corporate hashrate to 21 EH/s by the close of 2024, leveraging a purchase option agreement with Bitmain for additional T21 mining rigs. On Wednesday, BITF shares witnessed a 5% increase in value against the U.S. dollar, yet the stock has experienced an 8% decline over the week. Additionally, 30-day data reveals a loss exceeding 25% in BITF shares’ value this month.

See also  Green Bitcoin? Over 52% of Mining Now Uses Sustainable Energy

What do you think about Bitfarms expanding in Paraguay? Let us know what you think about this subject in the comments section below.

Tags: AimingBitfarmscapacityEHsexpandsFacilityMiningOperationsParaguayYear

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