{"id":50909,"date":"2021-10-08T18:08:28","date_gmt":"2021-10-08T15:08:28","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=50909"},"modified":"2025-09-02T20:49:57","modified_gmt":"2025-09-02T17:49:57","slug":"bitfarms-begins-construction-of-argentina-data-centre-to-house-55000-miners","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitfarms-begins-construction-of-argentina-data-centre-to-house-55000-miners\/","title":{"rendered":"Bitfarms begins construction of Argentina data centre to house 55,000 miners"},"content":{"rendered":"<p>The Canadian publicly traded mining company Bitfarms has begun construction in Argentina of a new cryptocurrency mining facility with a capacity of 210 MW.<\/p>\n<figure class=\\\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\\\">\n<div class=\\\"wp-block-embed__wrapper\\\">\n<blockquote class=\\\"twitter-tweet\\\" data-width=\\\"500\\\" data-dnt=\\\"true\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">\ud83c\udf0e New facility in Argentina \ud83c\udde6\ud83c\uddf7 greatly expands global <a href=\\\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Bitcoin<\/a> mining production at a substantially lower cost<\/p>\n<p>\ud83d\ude80 <a href=\\\"https:\/\/twitter.com\/search?q=%24BITF&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$BITF<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\\\">#BTC<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/BitcoinMining?src=hash&#038;ref_src=twsrc%5Etfw\\\">#BitcoinMining<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/Blockchain?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Blockchain<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/NasdaqListed?src=hash&#038;ref_src=twsrc%5Etfw\\\">#NasdaqListed<\/a> <a href=\\\"https:\/\/t.co\/pVR8AOYRe5\\\">pic.twitter.com\/pVR8AOYRe5<\/a><\/p>\n<p>\u2014 Bitfarms (@Bitfarms_io) <a href=\\\"https:\/\/twitter.com\/Bitfarms_io\/status\/1446103497997524994?ref_src=twsrc%5Etfw\\\">October 7, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\n<\/div>\n<\/figure>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cThe Argentina facility, which is expected to host more than 55,000 miners once construction is complete, will significantly expand our capacity and global footprint. Coupled with growth in Quebec and a planned expansion in Paraguay by the end of 2022, we will be able to reach a hash rate of 8 EH\/s,\u201d said Bitfarms CEO Emiliano Grodzki.<\/p>\n<\/blockquote>\n<p>According to him, electricity costs for the new facility will be $0.022 per kWh. The signing of an eight-year <a href=\"https:\/\/u1f987.com\/en\/news\/bitfarms-to-build-a-210-mw-bitcoin-mining-centre-in-argentina\">private supplier agreement<\/a> contributed to a drop in demand in the area around the data centre. <\/p>\n<p>The turnkey construction contract was signed with Proyectos y Obras Americanas SA. Independent supervision and quality control will be handled by Dreicon SA.<\/p>\n<p>The facility will be located in four warehouse-style buildings adjacent to a power plant. Some design and surveying work has already been completed and site preparation has begun, the company said.<\/p>\n<p>It is expected that the facility will include <a href=\"https:\/\/u1f987.com\/en\/news\/bitfarms-acquires-48000-asic-miners-deliveries-set-to-begin-in-january-2022-and-to-be-completed-by-december-2022\">48,000 miners from MicroBT<\/a> that Bitfarms purchased in early 2021. As of writing, the company\u2019s fleet numbers about 21,500 devices installed at five farms in Quebec, according to the press release.<\/p>\n<p>In the third quarter, Bitfarms mined 1,050 BTC, up 38% from the same period a year earlier.<\/p>\n<p>In June, the <a href=\"https:\/\/u1f987.com\/en\/news\/bitfarms-shares-fall-7-on-first-day-of-nasdaq-trading\">Nasdaq-listed company<\/a> went through a Nasdaq listing.<\/p>\n<p>In August, Bitfarms said its crypto reserves reached 1,678 BTC. According to analysts, Nasdaq-listed mining companies collectively <a href=\"https:\/\/u1f987.com\/en\/news\/us-listed-mining-companies-hold-1-1-billion-in-bitcoin-on-their-balance-sheets\">accumulated more than 20,459 coins<\/a> worth over $1.1 billion.<\/p>\n<p>Follow ForkLog news on <a href=\\\"https:\/\/vk.com\/forklogcom\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">VK<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Canadian publicly traded mining company Bitfarms has begun construction in Argentina on a new cryptocurrency mining facility with a capacity of 210 MW.<\/p>\n","protected":false},"author":1,"featured_media":50910,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[908,1184,1137],"class_list":["post-50909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-argentina","tag-bitfarms","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=50909"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50909\/revisions"}],"predecessor-version":[{"id":50911,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50909\/revisions\/50911"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/50910"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=50909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=50909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=50909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}