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Bitfarms Expands (Patreon)

Published:
2023-07-19 22:09:27
Imported:
2023-07

Content

  1. Bitfarms, a Canadian bitcoin mining company, has announced plans to double its operations in Paraguay.
  2. The company has signed a deal with the government of Paraguay to secure 200 megawatts of power for its mining operations.
  3. Bitfarms is already operating a 60-megawatt mining facility in Paraguay, and the new deal will allow it to expand its operations significantly.
  4. The company says that Paraguay is an ideal location for bitcoin mining due to its low-cost hydroelectric power.
  5. Bitfarms's expansion in Paraguay is a sign of the growing interest in bitcoin mining in Latin America.

Files

Bitfarms doubles down on Paraguay, secures additional hydropower to buoy mining rigs

Bitcoin mining company Bitfarms is set to construct two more mining facilities powered by hydroelectricity in Paraguay.

Comments

Anonymous

I recently swapped my CleanSpark for bitfarm as CleanSpark felt like it had run its course.

Anonymous

Love to see it!

Anonymous

I bought some synthetic long following your trade alert a while back and it has been edging down so I keep buying! Great news.

Anonymous

What does synthetic long mean?

Anonymous

So stoked I’ve got my synthetic longs for virtually nothing. Yes, they’re a little more risky at $2 strike, but they were the same price at $0.90 each out to Jan ‘25

Anonymous

I just got more bitfarm now. thanks for the info james

Anonymous
>>113298010

Charina → sell a put option, buy a call option, both at the same strike price and expiration date. If that date is over a year out, it’s called a LEAP

Anonymous
>>113297308

Same. And I’m almost dead even on mine right now. We still have a year and a half until Jan ‘25

Anonymous

just bought big chunk

Anonymous

James: Any idea why Iris pumped as much as 19% today and settled up around 11% for day?

Anonymous
>>113298483

How do we value what this could be worth if the price of the stock increases to say, $10? It seems like such a toss up to valuate what the potential gain could be...?

Anonymous

Very glad I have some of that and will look to buy more thanks James for heads up

Anonymous

Underwater a little on my $1.89 purchase the other day so LFG

Anonymous

Great call on your Bitfarms investment James. I’m buying

Anonymous

Happily holding some BitFarm, may add more! Thanks James

Anonymous

Bullish

Anonymous

This is next generation power production https://youtu.be/WoHx3biVul8

Anonymous

For James and IA team. The Vix-cbo (fear index)is now above 14.13 whereas yesterday it was in the upper 12 range.(I haven’t seen it this low in a very long time.)I understand you are on the west side and I am on the east. I hope you appreciate this comment. Perhaps being three hours ahead may help? Yep, I am up earlier, 3 hours, before West coast folks (getting 8 hours of sleep matters particularly for James as we trust in his wisdom.) Meanwhile, not buying back any of my “darlings” with this morning’s fear spike.

Anonymous
>>113338018

Wow that’s pretty amazing…if true. Unfortunately, there has been thousands of people who make fantastical claims of things like this throughout history and they don’t ever become reality. Cough…Elizabeth Holmes… But it would be great if this energy concept does become real!