{"id":12575,"date":"2024-04-15T16:30:12","date_gmt":"2024-04-15T13:30:12","guid":{"rendered":"https:\/\/forklog.com\/en\/bitfarms-boosts-bitcoin-hashrate-to-7-eh-s\/"},"modified":"2024-04-15T16:30:12","modified_gmt":"2024-04-15T13:30:12","slug":"bitfarms-boosts-bitcoin-hashrate-to-7-eh-s","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitfarms-boosts-bitcoin-hashrate-to-7-eh-s\/","title":{"rendered":"Bitfarms Boosts Bitcoin Hashrate to 7 EH\/s"},"content":{"rendered":"<p>The mining firm Bitfarms has increased its hashrate in the Bitcoin network to 7 EH\/s following the deployment of 5,000 modern installations at two sites in Canada.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitfarms?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitfarms<\/a> Reaches 7 EH\/s with Completion of Fleet Upgrade at Garlock and Farnham Facilities<\/p>\n<p>\u2014 Corporate energy efficiency improves 9% to 31 w\/TH <\/p>\n<p>Upgrade Highlights:<\/p>\n<p>At Garlock installed 3,168 T21s.<br \/>At Farnham installed 1,710 T21s and 100 M53S+ hydro miners.<br \/>In Q2 2024, more\u2026 <a href=\"https:\/\/t.co\/l8JfsIRCDX\">pic.twitter.com\/l8JfsIRCDX<\/a><\/p>\n<p>\u2014 Bitfarms (@Bitfarms_io) <a href=\"https:\/\/twitter.com\/Bitfarms_io\/status\/1778758907428515897?ref_src=twsrc%5Etfw\">April 12, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to a press release, the firm installed:<\/p>\n<ul class=\"wp-block-list\">\n<li>3,168 Antminer T21 from Bitmine in Garlock (Quebec);<\/li>\n<li>1,710 units of T21 and 100 units of Whatsminer M53S+ hydro from MicroBT in Farnham (Quebec).<\/li>\n<\/ul>\n<p>In total, in the second quarter of 2024, Bitfarms plans to connect more than 5,000 T21s at three sites, including Paso Pe in Paraguay.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAs we deploy an additional 30,000 miners this quarter, we anticipate a rapid increase in both our hashrate and energy efficiency, while achieving our targets of 12 EH\/s and 21 EH\/s in 2024,\u201d said Ben Gagnon, Chief Mining Officer.<\/p>\n<\/blockquote>\n<p>Currently, Bitfarms mines Bitcoin at 11 facilities in Canada, the USA, Paraguay, and Argentina. The company predominantly aims to use renewable energy.<\/p>\n<p>In March, Bitfarms <a href=\"https:\/\/forklog.com\/en\/news\/bitfarms-acquires-over-51000-bitcoin-miners-from-bitmain\">exercised an option<\/a> to purchase 19,280 T21s at $14 per TH\/s. The order also included 3,888 Antminer S21 and 740 units of S21 hydro at $17.5 per TH\/s.\u00a0\u00a0<\/p>\n<p>Back in November 2023, the firm acquired a batch of 35,888 T21s for $95.5 million from Bitmain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The mining firm Bitfarms has increased its hashrate in the Bitcoin network to 7 EH\/s following the deployment of 5,000 modern installations at two sites in Canada. #Bitfarms Reaches 7 EH\/s with Completion of Fleet Upgrade at Garlock and Farnham Facilities \u2014 Corporate energy efficiency improves 9% to 31 w\/TH Upgrade Highlights: At Garlock installed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12574,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1184,1137],"class_list":["post-12575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitfarms","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=12575"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12575\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/12574"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=12575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=12575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=12575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}