On August 14, the Canadian bitcoin mining company Bitfarms has signed an agreement to purchase 3 acres of land in Washington state and 181 acres in Pennsylvania for $1.90 million and $3.50 million respectively for potential high-performance computing (HPC) development.
At the same time, the company has decided to close its bitcoin mining farm in Argentina due to power supply disruptions since May 12 due to a workout by energy provider Generacion Mediterranea S.A. (GMSA). Bitfarms reached an agreement with GMSA to recover $3.50 million of energy deposits in installments over an 18-month period beginning January 2026, and to cancel the $2.80 million asset decommissioning obligation related to leased land in the country.
Bitfarms buys US land for high-performance computing development, closes Argentine mine
2025-08-14 01:24:33
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Gavin Wood 将于 8 月下旬重返 Parity CEO 职位
