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Bitfarms Boosts Bitcoin Mining Efficiency
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Bitfarms Ltd., a Bitcoin mining company, earned 300 BTC in February 2024 and is upgrading its fleet to reach 21 EH/s by year-end. They installed 12 Bitmain T21 miners in Québec and secured a hydro-powered project contract in Paraguay, emphasizing sustainable energy practices across operations.
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How does Bitfarms' emphasis on sustainable energy impact its operational costs and environmental footprint?
How does Bitfarms' expansion into different countries affect the global Bitcoin mining landscape?
What potential challenges might Bitfarms face in scaling up its mining operations to achieve the targeted 21 EH/s?
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