Bitfarms and Stronghold Digital Mining Reach Hosting Agreement, Planning to Add 10,000 Bitmain T21 Mining Rigs
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September 15, 2024
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Bitfarms to Expand Mining Operations with Stronghold Digital Mining
According to a Cointelegraph report, Bitfarms, a Bitcoin mining company, has announced a hosting agreement with Stronghold Digital Mining. This agreement will see the addition of 10,000 Bitmain T21 mining machines to Bitfarms' Panther Creek facility in Pennsylvania, which is scheduled to begin operations on October 1, 2024. This expansion will boost Bitfarms' hashrate by 2.2 EH/s.
Under the terms of the agreement, Bitfarms will pay Stronghold a fee equivalent to 50% of the revenue generated by the miners. This fee is renewable annually based on the terms of the hosting agreement, and can be terminated by either party upon notice.
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