Bitfarms agrees to develop 120 MW of power capacity in Pennsylvania for Bitcoin mining, increasing its 2025 capacity by 170% to 648 MW.

Bitfarms, a crypto mining firm, has entered an agreement to develop up to 120 MW of power capacity in Pennsylvania, increasing its 2025 power capacity by 170% to 648 MW. The site, located in the PJM Interconnection market, will provide access to competitive electricity and efficient cost management for Bitcoin mining. The company plans to continue pursuing similar strategic ventures to deliver value to shareholders.

June 13, 2024
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