Bitfarms Expands (Patreon)
Published:
2023-07-19 22:09:27
Imported:
2023-07
Content
- Bitfarms, a Canadian bitcoin mining company, has announced plans to double its operations in Paraguay.
- The company has signed a deal with the government of Paraguay to secure 200 megawatts of power for its mining operations.
- Bitfarms is already operating a 60-megawatt mining facility in Paraguay, and the new deal will allow it to expand its operations significantly.
- The company says that Paraguay is an ideal location for bitcoin mining due to its low-cost hydroelectric power.
- Bitfarms's expansion in Paraguay is a sign of the growing interest in bitcoin mining in Latin America.