Bitfarms set to acquire 48,000 new miners in 2022 despite chip shortage
Chinese supplier MicroBT will be providing the new hardware over the next two years. One of the largest publicly traded Bitcoin mining operations in the world, Bitfarms, has undertaken to purchase 48,000 new miners over the next two years.The Canadian mining company has sourced the equipment from Chinese supplier MicroBT in a bid to increase its hashing capacity by another 5 EH (exahashes) according to reports. Bitfarms was founded in 2017 and currently has a capacity of 1 EH. It has targeted a 200% increase by the end of 2021.The hashing capacity is the amount of pure computing horsepower....
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The publicly listed Canadian bitcoin mining operation Bitfarms has announced the firm is purchasing 48,000 Microbt Whatsminer mining rigs in order to expand capacity. Bitfarms highlights the acquisition of new miners will up the company’s hashpower by approximately 5 exahash per second (EH/s). Bitfarms to Acquire 48,000 High-Powered Bitcoin Miners from Microbt The Canadian bitcoin (BTC) mining company Bitfarms (TSXV:BITF, OTC:BFARF) announced on Tuesday the company has entered an agreement where it plans to purchase 48,000 mining rigs manufactured by Microbt. The China-based firm....
Bitcoin miners are scrambling to acquire more mining rigs as the global semiconductor shortage worsens. A chip shortage is significantly affecting the Bitcoin mining hardware distribution chain, according to Reuters on Jan. 22, Indeed, Bitmain — one of the major Bitcoin miner makers — has seen its inventory sold out until August 2021, according to information on its website. Apart from being out of stock, Bitmain’s mining rigs are now at a massive price premium.For instance, back in November 2020, the Antminer S19 shipped for $1,897 a unit. As of the time of writing, the same miner is....
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The Canadian publicly traded bitcoin mining company Bitfarms has announced a deal that will see the company developing a 210 megawatt (MW) mining farm in Argentina. Bitfarms says that the company was able to secure a low electricity rate at $0.02 per kWh during the contractual period. Argentine-Based Bitcoin Mining Facility Aims to Acquire 210 MW of Power The company Bitfarms (TSXV:BITF, OTC:BFARF) has announced the firm is expanding to South America, as it has signed a non-binding memorandum of understanding in order to build a 210 MW bitcoin mining facility. Bitfarms says the purchase....
What are the causes of the global chip shortage, how severe is it and is there any impact on the Bitcoin ecosystem?