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Bitfarms | 6-K: Report of foreign private issuer [Rules 13a-16 and 15d-16]

SEC announcement ·  Apr 13 04:03
Summary by Futu AI
On April 12, 2024, Bitfarms Ltd., a global Bitcoin mining company, announced the completion of significant upgrades at its Garlock and Farnham facilities in Québec, which involved the installation of over 5,000 Bitmain T21 miners. This upgrade has resulted in a 51% improvement in energy efficiency at these sites. The company's President and CEO, Geoff Morphy, highlighted the transformative nature of the upgrade, particularly in preparation for the upcoming Bitcoin halving event. Bitfarms also plans to deploy an additional 30,000 T21 miners in Q2 2024, aiming to reach hashrate targets of 12 EH/s and 21 EH/s within the year. The company operates 11 Bitcoin mining facilities across Canada, the United States, Paraguay, and Argentina, focusing on environmentally friendly and sustainable energy sources. The news release serves as a designated news release for the company's prospectus supplement dated March 8, 2024.
On April 12, 2024, Bitfarms Ltd., a global Bitcoin mining company, announced the completion of significant upgrades at its Garlock and Farnham facilities in Québec, which involved the installation of over 5,000 Bitmain T21 miners. This upgrade has resulted in a 51% improvement in energy efficiency at these sites. The company's President and CEO, Geoff Morphy, highlighted the transformative nature of the upgrade, particularly in preparation for the upcoming Bitcoin halving event. Bitfarms also plans to deploy an additional 30,000 T21 miners in Q2 2024, aiming to reach hashrate targets of 12 EH/s and 21 EH/s within the year. The company operates 11 Bitcoin mining facilities across Canada, the United States, Paraguay, and Argentina, focusing on environmentally friendly and sustainable energy sources. The news release serves as a designated news release for the company's prospectus supplement dated March 8, 2024.
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