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  • Bitfarms (BITF) plans to more than double its installed power capacity in Québec in 2021
  • The company's Cowansville expansion will increase installed power at the site from 4 MW to 17 MW by July 2021
  • The company will also develop a further 66 MW in Québec at a new mining site in Sherbrooke
  • The company expects to have 148 MW of installed mining infrastructure in Québec by the end of 2021
  • Bitfarms recently increased its operating hashrate to 1.42 EH/s, the largest currently reported in North America by a public company
  • Bitfarms is one of the largest, oldest and most cost-effective public Bitcoin mining operations in the world
  • Bitfarms (BITF) is up by 13.17 per cent and is currently trading at C$5.07 per share

Bitfarms (BITF) plans to more than double its installed power capacity in Québec in 2021.

These developments include its Cowansville site renovation, which will increase installed power at the site from 4 MW to 17 MW. The expansion will be equipped with 3000 new MicroBT miners and is expected to be ready in July 2021.

The company has also ordered materials, transformers and electrical equipment to develop a new 66 MW mining site in Sherbrooke.

Combined with the Cowansville expansion, a total of 79 MW of new mining infrastructure powered by green hydro power will be operational in 2021.

Bitfarms expects to have 148 MW of installed mining infrastructure in Québec by the end of the year.

On April 23, the company installed 496 MicroBT M31S+ miners and increased its operating hashrate to 1.42 EH/s, the largest currently reported in North America by a public company.

The company is on track to achieve over 1.7 EH/s during the summer of 2021.

Bitfarms is one of the largest, oldest and most cost-effective public Bitcoin mining operations in the world. It has a diversified production platform with five industrial-scale facilities in Québec.

Bitfarms (BITF) is up by 13.17 per cent and is currently trading at C$5.07 per share as of 10:04 am ET.

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