Bitfarms Secures First US Mega-Site, Set to Power 120 MW by 2025
Portfolio Pulse from Benzinga Newsdesk
Bitfarms Ltd. has secured its first mega-site in the U.S. with a new data center in Sharon, Pennsylvania, which will have a capacity of 120 MW by 2025. The company has closed on 110 MW, with 30 MW expected to be operational by the end of 2024.
August 27, 2024 | 11:03 am
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Bitfarms Ltd. has secured a new data center in Sharon, Pennsylvania, marking its first mega-site in the U.S. The site will have a capacity of 120 MW by 2025, with 30 MW expected to be operational by the end of 2024.
The acquisition of a new mega-site in the U.S. is a significant expansion for Bitfarms, potentially increasing its operational capacity and market presence. This development is likely to positively impact the company's stock price in the short term as it represents growth and increased production capabilities.
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