2024

United

Bitcoin

April

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitfarms-gears-up-for-bitcoin-halving-with-major-miner-purchase/" data-wpel-link="internal">Bitfarms Gears Up for Bitcoin Halving with Major Miner Purchase</a> 
Famous <a href="https://coin-turk.com/binnacede-bitcoin-btc-katliami-yasandi-milyonlarca-dolar-uctu" data-wpel-link="internal">Bitcoin</a> miner Bitfarms has taken a significant step ahead of the halving. The company purchased 87,796 new miners to increase efficiency and production. On April 2nd, through a social media post on X (formerly known as Twitter), Bitfarms announced the acquisition of new mining devices, while also sharing future farm expansion plans and a roadmap for increasing capacity this year. The announcement stated that the purchase will accommodate more operational capacity, reaching 21 EH/s by year-end. 
<h2 style="text-align: justify" id="bitcoin-halving-approaches">Bitcoin Halving Approaches</h2> 
The team, following the success of their current T21 miners and farm expansion plans, took a bold step aligning with the upcoming <a href="https://en.coin-turk.com/brics-summit-anticipation-of-radical-decisions-and-global-transformation/" data-wpel-link="internal">Bitcoin</a> halving. 
<blockquote> 
 Together with our 35,888 Bitmain T21 purchase and farm expansion announced in November, these new 87,796 miners will be sufficient to reach 21 EH/s by year-end and provide higher operational efficiency. 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-336598" src="https://coin-turk.com/wp-content/uploads/2024/04/21eh-site-coin-turk-com.jpg" alt="" width="436" height="624"> 
The price of Bitcoin also seems to have influenced the decisions of major miners. After reaching its ATH, Bitfarms took steps to make significant purchases. 
Developments in artificial intelligence and the halving of mining rewards are prompting everyone to act quickly, causing price increases for the hardware used in both fields. 
Last month, it was revealed that crypto miners in the United States had been striving to acquire used machines from the past, seeking access to computing hardware. 
Similar to most Bitcoin mining companies, Bitfarms also announced its expansion plan following the rising <a href="https://en.coin-turk.com/bitcoin-price-analysis-can-btc-break-the-critical-27500-level/" data-wpel-link="internal">BTC</a> price and increasing adoption in various countries. This move stands out as an important part of its three-pronged strategy to advance mining in the industry. 
<blockquote> 
 These orders solidify our expansion plan for 2024 and pave the way for operating one of the newest and potentially most efficient mining fleets in the industry. Securing these miners is a crucial part of our strategy to achieve rapid and meaningful improvements… 
</blockquote> 
<h2 id="how-much-is-bitcoin-worth-now">How Much is Bitcoin Worth Now?</h2> 
As the halving scheduled for April 19th approaches, all eyes are on the Bitcoin price. After staying above $69,000 for days, the price of Bitcoin dropped sharply today, falling to $64,500. 
As of the time of writing, Bitcoin has seen some recovery and is trading at the $66,000 level. Despite this price level, it is important to remember that Bitcoin has experienced a 5% drop today. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitfarms-gears-up-for-bitcoin-halving-with-major-miner-purchase/" data-wpel-link="internal">Bitfarms Gears Up for Bitcoin Halving with Major Miner Purchase</a></h5>

Bitfarms Gears Up for Bitcoin Halving with Major Miner Purchase

Table of Contents

COINTURK NEWS

Other articles published on Apr 2, 2024

Bitcoin, Ethereum in ‘ETF wrapper’ – Here’s what Coinbase’s CFO has to say

Bitcoin Remains Steady as CORE Token Surges to New Heights

Avail Partners With dWallet Network To Introduce Native Bitcoin Rollups to Web3

Ethereum And Altcoins Crash: Why Is This Analyst Super Bullish?

BOME up by 20% while Bitcoin crashes by 6% – Why?

Breaking: Binance Burns 4.17 Billion Terra Luna Classic (LUNC)

Join our free newsletter for daily crypto updates!