{"id":6020,"date":"2022-07-29T20:03:40","date_gmt":"2022-07-29T20:03:40","guid":{"rendered":"http:\/\/www.cryptoheretostay.com\/?p=6020"},"modified":"2022-07-29T20:03:41","modified_gmt":"2022-07-29T20:03:41","slug":"bitfarms-adds-18-mw-of-capacity-to-the-bunker-miners-daily-production-taps-16-8-btc-per-day","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=6020","title":{"rendered":"Bitfarms Adds 18 MW of Capacity to &#8216;The Bunker&#8217; \u2014 Miner&#8217;s Daily Production Taps 16.8 BTC per Day"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p><strong>On July 28, the bitcoin mining company Bitfarms announced the completion of the second phase of its facility expansion, by adding roughly 18 megawatts (MW) of capacity to the operation. The mining facility dubbed \u201cThe Bunker,\u201d now has approximately 3.8 exahash per second (EH\/s), after the 18 MW increase boosted the computational power by 200 petahash per second (PH\/s).<\/strong><\/p>\n<h2>Bitfarms Adds 18 MW to \u2018The Bunker,\u2019 Firm Says Daily Production Reaches 16.8 Bitcoin<\/h2>\n<p>Bitfarms Ltd. (Nasdaq: BITF) has announced the company has improved The Bunker by adding 18 MW of capacity to the facility. The company completed Phase 2 of The Bunker\u2019s construction and there\u2019s a total of 9,450 bitcoin miners installed. The Bunker started operations in March 2022 and Phase 3 will see the data center built out. Phase 3 aims to add an additional 3,250 miners to the facility which will add 325 PH\/s of hashrate.<\/p>\n<p>For now, Phase 2 was an 18 MW increase which added 200 PH\/s to the operation, and the company claims to manage a total of 3.8 EH\/s today or roughly 2% of the current global hashrate. \u201cCompleting Phase 2 of The Bunker expansion is a strategic milestone that contributed to growing our hashrate to 3.8 exahash per second (EH\/s), up 5.5% from the beginning of July,\u201d Geoff Morphy, the president and COO of Bitfarms said in a statement.<\/p>\n<p>Morphy added:<\/p>\n<p>Together with an additional 3 MW of low-cost hydropower that went online this month at our mining facility in Washington state, our total operating capacity is now 158 MW. Significantly, with our higher hashrate came an increase in our current production to 16.8 BTC\/day, a 15% increase from 14.6 BTC\/day at the end of June.<\/p>\n<h2>Bitcoin Mining Industry Weathers the Storm, Bitfarms Exec Expects a \u2018Gradual Increase in Hashrate\u2019 to Reach Company\u2019s August and Year-End Goals<\/h2>\n<p>Bitfarms completing Phase 2 comes at a time when digital asset prices are much lower than they were a few months ago. Damian Polla, Bitfarm\u2019s Latam general manager explained during the first week of June, that falling bitcoin prices constitute a challenge. \u201cThe biggest challenge facing the sector in the short term, both in Argentina and globally, is the fall in the price of bitcoin, which reduces revenues and increases operating costs,\u201d Polla said at the time.<\/p>\n<p>There\u2019s been a lot happening within the bitcoin mining sector and the network\u2019s difficulty adjustment just recently made it 5% easier to find BTC block rewards. The bitcoin mining operation Marathon recently secured 254 MW of power to enhance operations and the mining company Cleanspark says crypto winter has shown \u201cunprecedented opportunities.\u201d<\/p>\n<p>In addition to The Bunker, the company\u2019s Washington state farms just got an additional 3 MW of capacity and the low-cost hydropower and stable electricity rates give the facility an advantage over the company\u2019s other mining sites.<\/p>\n<p>\u201cThis past week, we have been selectively redeploying some mining assets while continuing to bring new miners online,\u201d Morphy added. \u201cCoupled with slight delays in receiving new mining shipments, the net effect is we expect to experience a more gradual increase in our hashrate and reach our 4 EH\/s goal in early August. In addition, we remain confident in executing our current international growth plan and achieving 6 EH\/s by year-end.\u201d<\/p>\n<p>Tags in this story<\/p>\n<p>16.8 BTC\/day, Bitcoin mining, Bitfarms, bitfarms crypto, bitfarms cryptocurrency, BTC block rewards, BTC Mining, Cleanspark, corporate treasury, Damian Polla, Geoff Morphy, Latam general manager, low bitcoin prices, Marathon, mining, mining hardware, network difficulty, Phase 2, The Bunker, The Bunker expansion, Washington State, Washington state farms<\/p>\n<p><em><strong>What do you think about Bitfarms expanding The Bunker and reaping 16.8 bitcoin per day? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n<p>Jamie Redman <\/p>\n<p class=\"article__body__author__info__about\">\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today.<\/p>\n<p><i class=\"td-icon-font td-icon-twitter\"\/><\/p>\n<p class=\"images_credits\"><em>Image Credits: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n<p><strong>Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<p>More Popular NewsIn Case You Missed It<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/bitfarms-adds-18-mw-capacity-the-bunker-16-8-btc-per-day\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On July 28, the bitcoin mining company Bitfarms announced the completion of the second phase of its facility expansion, by adding roughly 18 megawatts (MW) of capacity to the operation. The mining facility dubbed \u201cThe Bunker,\u201d now has approximately 3.8 exahash per second (EH\/s), after the 18 MW increase boosted the computational power by 200 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6021,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[1],"tags":[],"class_list":["post-6020","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-updates"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/6020","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6020"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/6020\/revisions"}],"predecessor-version":[{"id":6022,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/6020\/revisions\/6022"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/6021"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}