Canadian based mining company Bitfarms, established its 10th facility in Argentina.
bitcoin The mining company increased its processing power to 4.1 EH/s after starting production in Argentina. Bitfarms added 10 MW of power capacity to its portfolio with its new facility.
Bitfarms Continues to Expand Its Facilities
Bitcoin in Argentina, according to a press release on Monday mining With the production of its plant, it plans to bring 50 MW of power online. Bitcoin mining company Bitfarms stated that they expect the construction of the second facility, planned to be built in Argentina, to be completed by mid-2023.
Acting as president and director of Bitfarms company Geoff MurphyStating that they reversed this situation with the agreements they made despite the increasing electricity costs, he stated that he expected the portfolio cost to decrease within the scope of the contract.
After the Bitcoin mining facility established in Argentina, Bitfarms stated that the spread of mining to different countries is beneficial in terms of climate and geography. USA, Canadaand ParaguayAdding Argentina to its facilities operating in Turkey, Bitfarms stated that this expansion will continue.
Bitfarms also underlined that the cost of energy in the 50 MW Bitcoin mine launched in Argentina will be the lowest cost facility among the 10 facilities in its portfolio.
