2 years ago
“Our guiding institution strategy astatine Bitfarms is to accumulate the astir Bitcoin for the lowest outgo and successful the fastest magnitude of clip for the payment of our shareholders,” said laminitis and CEO Emiliano Grodzki.
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Canadian crypto mining steadfast Bitfarms has already bought 1,000 Bitcoin successful 2022, making its full holdings of the crypto plus much than $177 million.
In a Monday announcement, Bitfarms said it purchased 1,000 Bitcoin (BTC) for $43.2 cardinal successful the archetypal week of January, astir the aforesaid magnitude the institution added to its treasury successful some the 3rd and 4th quarters of 2021. According to the mining firm, it presently holds much than 4,300 BTC arsenic of Jan. 10, astir $177 cardinal astatine a terms of $41,183.
“Our guiding institution strategy astatine Bitfarms is to accumulate the astir Bitcoin for the lowest outgo and successful the fastest magnitude of clip for the payment of our shareholders,” said Bitfarms laminitis and CEO Emiliano Grodzki. “With the dip successful BTC portion mining hardware prices stay high, we seized the accidental to determination currency into BTC.”
— Bitfarms (@Bitfarms_io) January 10, 2022In November, the mining steadfast announced its volition to build its archetypal information center successful the United States pursuing the acquisition of a onshore crippled successful Washington State. The company’s websites states Bitfarms has a full mining capableness of 106 MW astatine the clip of work producing 2.2 exahashes per second. According to Grodzki, it aims to rise this complaint by much than 260% by the extremity of the year, to 8 EH/s.
Related: Bitfarms estimates Argentine installation volition trim BTC mining costs by 45%
While galore successful the media inactive mention the potential biology interaction of crypto mining, Bitfarms claims its facilities successful Canada are powered astir wholly by hydroelectric energy. The steadfast presently has 10 mining farms successful cognition oregon nether improvement successful countries including the United States, Argentina and Canada.
According to information from Cointelegraph Markets Pro, the terms of BTC fell nether $40,000 earlier contiguous for the archetypal clip since September earlier returning to much than $41,000.
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