Bitfarms spends $240 million to upgrade its bitcoin mining equipment
Bitcoin mining company Bitfarms will invest nearly $240 million to upgrade its Bitcoin mining equipment, with the goal of maintaining profitability after Bitcoin's halving in 2024. Bitfarms CFO Jeffrey Lucas said the company will purchase 88,000 high-efficiency Bitcoin mining machines. Bitfarms mined 286 BTC through mining in March 2024, with a monthly hash rate of 6.5 exahashes (EH/s).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget Launches HYPE On-chain Earn With 2.1~4.5% APR
New spot margin trading pair — ERA/USDT!
Launchpool - Unique ERA Event: Stake BTC ETH for a Chance to Win a 10% APR Boost
Bitget to support loan and margin functions for select assets in unified account
Trending news
MoreCrypto prices
More
