On August 27, 2024, Bitfarms Ltd., a global Bitcoin data center company, announced the assumption of control over a new data center in Sharon, Pennsylvania. This marks Bitfarms' first large-scale site in the U.S., increasing its U.S. footprint from 20 MW to 140 MW. The site, strategically located in the PJM Interconnection market, is expected to support up to 8 EH/s+ with the latest generation miners and offers significant opportunities for curtailment, demand-response, and energy trading to reduce energy costs. Bitfarms has secured 110 MW of the total 120 MW planned capacity, with 30 MW expected to be operational by the end of 2024. Additionally, a Letter of Intent for a lease to an additional 10 MW site has been signed, which would bring the total site capacity to 120 MW in 2025. CEO Ben Gagnon highlighted the site's potential for Bitcoin mining and other high-performance computing and artificial intelligence applications. The announcement was made in a press release, which also serves as a designated news release for the company's prospectus supplement dated March 8, 2024.

On August 27, 2024, Bitfarms Ltd., a global Bitcoin data center company, announced the assumption of control over a new data center in Sharon, Pennsylvania. This marks Bitfarms' first large-scale site in the U.S., increasing its U.S. footprint from 20 MW to 140 MW. The site, strategically located in the PJM Interconnection market, is expected to support up to 8 EH/s+ with the latest generation miners and offers significant opportunities for curtailment, demand-response, and energy trading to reduce energy costs. Bitfarms has secured 110 MW of the total 120 MW planned capacity, with 30 MW expected to be operational by the end of 2024. Additionally, a Letter of Intent for a lease to an additional 10 MW site has been signed, which would bring the total site capacity to 120 MW in 2025. CEO Ben Gagnon highlighted the site's potential for Bitcoin mining and other high-performance computing and artificial intelligence applications. The announcement was made in a press release, which also serves as a designated news release for the company's prospectus supplement dated March 8, 2024.