It has secured an option to buy another 8.7 EH/s in 2024 for the same price of $14/TH/s.
Texas alone is set to add at least another 500 MW by Q2.
And half of that happened in two months
Bitmain and MicroBT Set for Revenue Boost
The market cap of the top 12 mining stocks by trading volume also sets new highs over $12 billion on Monday.
The latest Miner Weekly issue features the strong market performance of bitcoin mining stocks
The order follows the previous purchase of 1.4 EH/s in Bitmain's S21 bitcoin miners
Bitfarms has also secured an option to buy another 5.3 EH/s in T21
The private placement follows the $68 million in equity financing that Bitfarms raised in the first three quarters of 2023
The move comes as Bitfarms prepares itself for the halving next year, which is expected to happen in April
But they are yet to reach 52-week highs, underperforming bitcoin over the past few months.
The arrival of large shipments preceded bitcoin’s hashrate surge