Bitfarms Adds 18 MW of Capacity to ‘The Bunker’ — Miner’s Daily Production Taps 16.8 BTC per Day

On July 28, the bitcoin mining institution Bitfarms announced the completion of the 2nd signifier of its installation expansion, by adding astir 18 megawatts (MW) of capableness to the operation. The mining installation dubbed “The Bunker,” present has astir 3.8 exahash per 2nd (EH/s), aft the 18 MW summation boosted the computational powerfulness by 200 petahash per 2nd (PH/s).

Bitfarms Adds 18 MW to ‘The Bunker,’ Firm Says Daily Production Reaches 16.8 Bitcoin

Bitfarms Ltd. (Nasdaq: BITF) has announced the institution has improved The Bunker by adding 18 MW of capableness to the facility. The institution completed Phase 2 of The Bunker’s operation and there’s a full of 9,450 bitcoin miners installed. The Bunker started operations successful March 2022 and Phase 3 volition spot the information halfway built out. Phase 3 aims to adhd an further 3,250 miners to the installation which volition adhd 325 PH/s of hashrate.

For now, Phase 2 was an 18 MW summation which added 200 PH/s to the operation, and the institution claims to negociate a full of 3.8 EH/s contiguous oregon astir 2% of the existent planetary hashrate. “Completing Phase 2 of The Bunker enlargement is simply a strategical milestone that contributed to increasing our hashrate to 3.8 exahash per 2nd (EH/s), up 5.5% from the opening of July,” Geoff Morphy, the president and COO of Bitfarms said successful a statement.

Morphy added:

Together with an further 3 MW of low-cost hydropower that went online this period astatine our mining installation successful Washington state, our full operating capableness is present 158 MW. Significantly, with our higher hashrate came an summation successful our existent accumulation to 16.8 BTC/day, a 15% summation from 14.6 BTC/day astatine the extremity of June.

Bitcoin Mining Industry Weathers the Storm, Bitfarms Exec Expects a ‘Gradual Increase successful Hashrate’ to Reach Company’s August and Year-End Goals

Bitfarms completing Phase 2 comes astatine a clip erstwhile integer plus prices are overmuch little than they were a fewer months ago. Damian Polla, Bitfarm’s Latam wide manager explained during the archetypal week of June, that falling bitcoin prices represent a challenge. “The biggest situation facing the assemblage successful the abbreviated term, some successful Argentina and globally, is the autumn successful the terms of bitcoin, which reduces revenues and increases operating costs,” Polla said astatine the time.

There’s been a batch happening wrong the bitcoin mining assemblage and the network’s trouble accommodation conscionable precocious made it 5% easier to find BTC artifact rewards. The bitcoin mining cognition Marathon precocious secured 254 MW of powerfulness to heighten operations and the mining institution Cleanspark says crypto wintertime has shown “unprecedented opportunities.”

In summation to The Bunker, the company’s Washington authorities farms conscionable got an further 3 MW of capableness and the low-cost hydropower and unchangeable energy rates springiness the installation an vantage implicit the company’s different mining sites.

“This past week, we person been selectively redeploying immoderate mining assets portion continuing to bring caller miners online,” Morphy added. “Coupled with flimsy delays successful receiving caller mining shipments, the nett effect is we expect to acquisition a much gradual summation successful our hashrate and scope our 4 EH/s extremity successful aboriginal August. In addition, we stay assured successful executing our existent planetary maturation program and achieving 6 EH/s by year-end.”

What bash you deliberation astir Bitfarms expanding The Bunker and reaping 16.8 bitcoin per day? Let america cognize what you deliberation astir this taxable successful the comments conception below.