- Contrary to a recent article, Bitfarms (BITF) advised its agreements with Hydro-Québec remain in place, and that bitcoin production will continue for the foreseeable future
- Bitfarms responded to an article titled “Canadian Energy Provider Hydro-Québec Proposes Stopping Electricity Supply to Blockchain Industry.”
- The article claims that Hydro-Québec’s recently submitted Ten Year Supply Plan advocates the termination of electricity to existing mining operations
- Bitfarms is a global Bitcoin mining company with facilities in Quebec, Washington and Paraguay
- Bitfarms Ltd. (BITF) is up 2.46 per cent on the day, trading at C$1.25 per share at 11:15 am ET
Bitfarms (BITF) advised its power agreements with Hydro-Québec remain in place, and bitcoin production will continue for the foreseeable future.
Bitfarms responded to an article titled “Canadian Energy Provider Hydro-Québec Proposes Stopping Electricity Supply to Blockchain Industry” that resulted in misinformation spreading through media networks and on social media. The article mischaracterized Hydro-Québec’s recently submitted Ten Year Supply Plan, claiming that the plan advocated the termination of electricity to existing mining operations.
Bitfarms has invested over $350 million in Québec and currently employs over 100 employees. The company continues to look to expand its operations in Québec and add more jobs across the region.
Bitfarms is a global Bitcoin mining company with facilities in Quebec, Washington and Paraguay.
Bitfarms Ltd. (BITF) is up 2.46 per cent on the day, trading at C$1.25 per share at 11:15 am ET.
