Bitfarms Says 2024 Plan Targets Tripling Hashrate To 21 EH/s, At Least 63% Increase In Operating Capacity To 391 MW, And Improving Fleet Efficiency By 34% To 23 w/TH
Portfolio Pulse from Benzinga Newsdesk
Bitfarms announced its 2024 plan aiming to triple its hashrate to 21 EH/s, increase its operating capacity by at least 63% to 391 MW, and enhance its fleet efficiency by 34% to 23 w/TH.
March 07, 2024 | 12:21 pm
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Bitfarms' ambitious 2024 plan to significantly increase its hashrate, operating capacity, and fleet efficiency could positively impact its stock.
The announcement of Bitfarms' strategic growth plans for 2024 indicates a significant expansion and efficiency improvement in its operations. This could lead to increased productivity and potentially higher profitability, which are positive signals for investors. The direct impact on BITF's stock price could be positive in the short term as the market reacts to the company's ambitious goals.
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IMPORTANCE 90
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