Mining Firm Bitfarms Set to Reach 1.2 EH/s Hashrate, Deploy 3,000 New Machines
Bitfarm shares have soared 230% in December.
The Canadian mining firm’s project will be able to power some 55,000 new-generation mining machines.
The company expects the miners to increase its hashing capacity to 8.0 exahashes from its present 1.0 EH once all are operational.
Bitfarms, a Canadian bitcoin miner, has been approved to list its common stock on the Nasdaq Global Market.
Bitfarms was able to sell far few shares for the same amount of proceeds thanks to a 45% rise in its stock price in the last week.
Bitfarms announced the placement Sunday.