Tags: Bitfarms

Prepare for a North American Bitcoin Mining Infrastructure Boom + More News

Fans help the flow of air so that Bitfarms mining rigs can stay cool. (Eliza Gkritsi/CoinDesk)

Bitfarms is shooting for 6 exahash per second of computing power by end-2023, the same goal it had set and missed for 2022.

The miner had recently warned it might stop paying off the debt to bankrupt BlockFi.

The outsanding $20 million are secured by only $5 million.

Struggling alongside the rest of the crypto mining industry, Bitfarms has seen its stock price fall 92 this year.