Mining Companies Bitfarms and Stronghold Reach 2.2 EH/s Hosting Agreement, Launching in October
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September 15, 2024
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On September 15th, crypto mining company Bitfarms announced a hosting agreement with Stronghold Digital Mining to add 2.2 EH/s of hashrate online by October 2024, two months ahead of schedule.
The agreement will add 10,000 Bitmain T21 miners at Bitfarms' Panther Creek facility in Pennsylvania, which will begin operating on October 1, 2024.
Bitfarms will pay Stronghold a fee equivalent to 50% of the profits generated by the miner hosting agreement. The agreement will be renewed annually until either party decides to not renew the contract.
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