BFARF - Bitfarms reports 1.2 EH/s current installed hashrate; provides corporate updates

Bitfarms (BFARF) announced the successful installation and operation of its previously announced order of 4.5K MicroBT M31S+ miners, taking the company's current installed hashrate to 1.2 EH/s.The 24% quarterly growth rate exceeds the full year 2020 growth and marks a significant beginning to 2021 to achieve 3 EH/s by the end of the fiscal year.Under a hosting agreement with Blockware Solutions and Blockware Mining in the U.S., Bitfarms is sending older-gen and mid-gen hardware for hosting at one of their American facilities which will be accomplished in a flexible and low-cost profit-sharing agreement powered by 100% renewable hydro energy.Until date, 2K+ Bitmain S9, S15 and T15 mining rigs have been successfully installed at Blockware Solutions’ facility and are generating BTC; remaining equipment will be deployed through Q2 and Q3.Recently, Bitfarms completed the purchase of two new-generation mining equipment manufactured by both MicroBT and Bitmain to be installed later in 2021:Shares trading 0.56%

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Bitfarms reports 1.2 EH/s current installed hashrate; provides corporate updates