Bitfarms Enters US Bitcoin Mining Market With 24 MW Hydropower Farm


  • Bitfarms has acquired its first U.S. property, a 24 MW farm that kickstarts its presence in the American bitcoin mining market.
  • “We prioritize locations with cost-effective electricity that allow for further growth and expansion,” its CEO said.
  • In October, the miner started constructing a 210 MW farm in Argentina and two facilities in Canada.

Canada-based bitcoin mining company Bitfarms has entered the American market by acquiring a 24-megawatt (MW) facility in the state of Washington. The company plans to house over 6,000 Bitmain S19j Pro rigs in its new farm, which will be fed hydroelectric power to generate 620 petahashes per second (PH/s) of hashrate capacity.

“We prioritize locations with cost-effective electricity that allow for further growth and expansion,” said Emiliano Grodzki, CEO of Bitfarms, in a statement sent to Bitcoin Magazine. “The Washington farm meets all these criteria. With this acquisition, we enter the United States and continue our global expansion to 10 farms in operation or under development in four countries.”



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