BitFarm Will Be Another Great Crypto Stock As They Continue To Invest

Bitfarms as they continue to invest capital in upgrading our mining fleet, opening new facilities, and expanding globally.

With 55,000 miners scheduled to be delivered monthly over the next 15 months and new high-power production facilities coming online, they are steadily increasing their hashrate toward their goals of 3 exahash per second (EH/s) in the first quarter of 2022 and 8 EH/s by year end 2022," Grodzki added.

Bitfarms has obtained and installed their first 540 miners, consisting of 2,200 Bitmain S19j Pro and 300 MicroBT M30S miners, which are scheduled to arrive in September.

Bitfarms' operating hashrate has increased to 1.53 EH/s as of September 29, 2021, thanks to the installation of these miners.

Due to supply chain and shipping delays, the remaining 1,660 Bitmain S19j Pro miners that were scheduled for September delivery are now on their way and are expected to arrive in October.

​Once these miners are installed, Bitfarms' operating hashrate is expected to be around 1.7 EH/s, which is approximately 20% higher than our most recently announced operating hashrate of 1.4 EH/s.