On September 15, crypto mining company Bitfarms recently announced that it had reached a hosting agreement with Stronghold Digital Mining and would add 2.2 EH/s of computing power in October 2024, two months ahead of schedule.
The agreement will add 10,000 Bitmain T21 mining machines to Bitfarms’ Panther Creek facility in Pennsylvania and begin operation on October 1, 2024.
Bitfarms will pay Stronghold a fee equal to 50% of the profits generated by the miners’ hosting agreement, which will be renewed annually until either party decides not to renew the contract.
