Bitfarms Secures 87,796 Fresh Miners in Preparation for Bitcoin Halving

By the end of 2024, the purchase of 87,796 miners by Bitfarms, a Bitcoin miner, will have increased their operating capacity to 21 EH/s. The decision to buy out major miners was influenced by the price of Bitcoin. Bitfarms announced on April 2 that they have plans to expand their farm, acquire more miners, and increase their capacity this year. This move was driven by the desire to increase output and efficiency in preparation for the halving event. The surge in demand for computing gear, along with the recent rise in the price of Bitcoin, also played a role in the decision. The price of hardware components used in AI and mining has increased due to the recent buzz around these topics and the rush of miners to acquire equipment before the halving. Bitfarms, like many other Bitcoin miners, is focused on growth in response to the increasing value of assets and their growing acceptance worldwide.