Bitfarms Doubles Hash Rate to More Than 2 Exahash per Second

Posted on by American Coins & Gold

Bitfarms Doubles Hash Rate to More Than 2 Exahash per Second
Bitfarms (BITF), the Canadian bitcoin miner, has doubled its mining power over the last eight months, the company said in a statement on Monday.The company has increased its hashrate to 2 EH/s at the same time when the Bitcoin network has grown about 12%, allowing it to gain a larger share of the network hashrate.“As we continue to execute on our expansion plans, we expect to continue to outpace Bitcoin network growth to drive even higher bitcoin production numbers throughout 2022,” said Emiliano Grodzki, Bitfarms founder and CEO, in the statement.Bitfarms has already received and installed 1,500 S19j Pro miners…