Bitfarms (BITF) Purchases Land in Yguazu, Paraguay
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Bitfarms Purchases Land in Yguazu, Paraguay in Support of Transformative Fleet Upgrade & 2024 Target of 21 EH/s
January 24, 2024 7:00 AM ESTTORONTO, Ontario and BROSSARD, Québec, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, announces that it has completed the purchase of land for its new 100 MW production facility in Yguazu, Paraguay.
This transaction, an important step in our recently announced transformative fleet upgrade, expands our LATAM portfolio with low-cost renewable hydropower, said Geoff Morphy, President and CEO of Bitfarms. The newly acquired land is located in the heart of Paraguay near the Itaipú Dam, the third largest hydropower dam in the... More
