Bitfarms Ltd. has taken control of a new large-scale data center in Sharon, Pennsylvania, marking its first major U.S. site.
New Data Center in the U.S.
The new data center in Pennsylvania is located within the PJM Interconnection market, offering the company access to low-cost, flexible power. This is ideal for Bitcoin mining, high-performance computing (HPC), and artificial intelligence (AI) applications.
Power Expansion Plans
Bitfarms has significantly increased its U.S. power capacity from 20 MW to 140 MW, with plans to add an additional 10 MW by 2025. The Pennsylvania site is expected to support over 8 EH/s with the latest generation miners. Bitfarms has already ordered the necessary equipment and anticipates bringing 30 MW online by the end of 2024.
Strategy and Geographic Diversification
Founded in 2017, Bitfarms operates 12 Bitcoin data centers across four countries and is committed to sustainable energy use, primarily hydroelectric. The Sharon site strengthens Bitfarms' presence in the U.S. market and reflects the company's broader strategy of geographical diversification and growth within the evolving Bitcoin mining industry.
The opening of the new data center in Sharon confirms Bitfarms' plans for U.S. expansion and market strengthening, ensuring sustainable growth and the use of advanced technologies.
Comments