Bitfarms increased hashrate to 1.8 Eh/s in October – Bits Media

Canadian mining company Bitfarms plans to increase its mining capacity to 2 Eh/s in November, after reaching a record hashrate level in 1.8 Eh/s last month.

According to the report, in October Bitfarms installed at a facility in Quebec 2 869 ASIC miners Bitmain S19j Pro i 300 ASIC miners MicroBT M30S, after which the company's mining capacity reached 1.8 Eh / s. More deliveries are expected in November. 4 761 ASIC miners.

“Delivery of new ASIC miners will continue in November, so this month we plan to increase our hashrate to 2 Mother / s », – said the company’s CEO Emiliano Grodsky (Emiliano Grodzki).

Bitfarms is building two new mining facilities in Quebec. Completion of work is scheduled for the end of next year. The company plans to increase its mining capacity to 3 Eh/s by the end of the first quarter 2022 years and up 8 Eh/s to an end 2022 of the year.

Bitfarms also reported on mining 343 BTC in October. Total in 2021 year the company produced 2 750 BTC. In the II quarter 2021 year, Bitfarms revenue increased to $36.7 million.