Bitfarms launched a mining farm in Argentina – Bits Media

The Canadian mining company Bitfarms launched a new farm for Bitcoin mining in the Argentine city of Rio Cauanto. At the moment, the power of the farm is 10 MW.

Bitfarms expects, that as new areas start the farm, the power of the farm will increase by five times. TO 2023 She is a year will be 50 MW, What will add around 2.5 Eh/s to the current capacity of the company. After reaching power in 210 MW, This will be the most modern and largest mining farm.

The latest models of Antminer S19 Pro Hydro with water cooling will be placed at the facility to increase efficiency. According to the Heshreyite Index website, ASIC-Mainer Antminer S19 Pro Hydro for BTC mining with the highest hash. 5 000 Tue.

President and Operating Director of Bitfarms Jeff Murphy (Jeff Murphy) told, that the company set itself the goal of achieving mining power in 4.2 Eh / s. Further, at a new facility in Rio Coarto it is planned to be placed around 10 000 Antminer S19 for Hydro и 14 700 Whatsminer M30S.

Earlier, Bitfarms reported on the fall of net profit to $5 Milln in the first quarter 2022 of the year. In this regard, the company's management decided to reduce business development plans.