Bitfarms Starts Construction 210 Megawatt Bitcoin Mining Facility

Bitcoin Mining Firm Argo Files for US Public Offering

  • Toronto-based bitcoin miner Bitfarms has signed engineering, procurement, and construction contracts in Argentina to construct a new mining farm there.
  • The company’s new mining operations in the South American country are expected to accommodate 55,000 new mining rigs.
  • Bitfarms said the new farm will add up to 210 MW of power capacity by 2022.

Bitcoin mining company Bitfarms announced that it had signed engineering, procurement, and construction (EPC) contracts and begun the construction of a new farm in Argentina. As previously reported in April, the new mining farm is expected to add up to 210 megawatts (MW) of power capacity by 2022.

“Our new high-production facility in Argentina, which is expected to accommodate over 55,000 miners upon completion, will greatly expand our capacity and global footprint,” said Emiliano Grodzki, CEO of Bitfarms. “The Argentina facility is planned to produce Bitcoin using power at the attractive rate of just US 2.2 cents per kilowatt hour, substantially reducing our already low cost of mining Bitcoin.”

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