- Toronto-based bitcoin miner Bitfarms has signed engineering, procurement, and development contracts in Argentina to assemble a brand new mining farm there.
- The firm’s new mining operations within the South American nation are anticipated to accommodate 55,000 new mining rigs.
- Bitfarms mentioned the brand new farm will add up to 210 MW of energy capability by 2022.
Bitcoin mining firm Bitfarms announced that it had signed engineering, procurement, and development (EPC) contracts and begun the development of a brand new farm in Argentina. As beforehand reported in April, the brand new mining farm is anticipated to add up to 210 megawatts (MW) of energy capability by 2022.
“Our new high-production facility in Argentina, which is expected to accommodate over 55,000 miners upon completion, will greatly expand our capacity and global footprint,” mentioned Emiliano Grodzki, CEO of Bitfarms. “The Argentina facility is planned to produce Bitcoin using power at the attractive rate of just US 2.2 cents per kilowatt hour, substantially reducing our already low cost of mining Bitcoin.”