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Bitfarms acquired 48,000 ASIC miners. Deliveries will start in 10 months

Toronto Stock Exchange (TSXV) company Bitfarms bought 48,000 miners to mine cryptocurrencies. MicroBT will begin shipping in January 2022 and will finish by December of that year.

According to the press release, Bitfarms plans to increase the hash rate from the current 1 EH / s to 3 EH / s by the end of 2021 and to 8 EH / s by the end of 2022. The current hashrate of the company allows you to mine about 5.7 BTC per day.

Bitfarms CEO Emiliano Grodsky called the deal “the cornerstone of the company’s 2022 growth strategy.”

“For the foreseeable future, the supply of miners will become a serious problem due to the lack of semiconductors. We will continue to develop infrastructure, mine cryptocurrency on our own platforms and increase operational efficiency and profit, “said the CEO of Bitfarms.

As a reminder, in January The9 Ltd acquired 26,007 ASIC miners for bitcoin mining. The shares were up 20%.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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