Bitfarms expands Bitcoin mining operations with Paraguay acquisition

Bitfarms, a Bitcoin mining firm, recently announced the acquisition of a new site at Yguazu, Paraguay, to house a 100-megawatt (MW) mining facility.

Situated on the U.S. stock market, the company made this move as part of its ambitious strategy to ramp up capacity to 21 exahash per second (EH/s) by the end of this year.

The Paraguay site signals the enterprise's vast expansion in its mining operations.

It embodies Bitfarms' commitment to innovation and growth in the Bitcoin mining sector.