Canadian mining company Bitfarms plans to launch a mining center in the US state of Washington. Energy to power the equipment will be supplied from renewable sources.
Bitfarms CEO Emiliano Grodzki said that the company bought a small hydroelectric power plant with a capacity of 24 MW for $ 26 million. In the future, Bitfarms plans to expand the generated capacity to 99 MW.
In July, the Canadian company placed 4,000 Bitmain S19j Pro ASIC miners in a Washington DC data center, with a total hash rate of 400 Px / s and a power consumption of 12 MW. The agreement has now been terminated as Bitfarms plans to build its own mining center and house 6,200 devices.
“Our strategy is to expand our operations while maintaining business efficiency. We choose locations with inexpensive electricity to place our equipment, which allows us to grow and develop. Now the available capacity has reached 106 MW, which will allow us to place additional equipment and increase the overall hash rate, ”Grodsky said.
With a current difficulty of 6,400, Bitmain S19j Pro miners can mine approximately 3.7 BTC per day. Thanks to its own energy production, the cost of each mined coin will be only about $ 4,000. That is, the data center in Washington will bring the Canadian mining company about $ 183,000 per day. As a reminder, the total hashrate of Bitfarms equipment was increased to 1.8 EH / s in October.