Bitfarms is one of the largest bitcoin mining companies in North America, and owns several major bitcoin mining farms across the continent. The company has been in operation since 2014, and is one of the oldest and most well-established miners in the space.
According to Bitfarms’ website, the company owns and operates five bitcoin mining farms, located in Quebec and Washington State. These farms have a total capacity of around 17.
5 megawatts (MW), which makes Bitfarms one of the largest miners in terms of hashpower.
In addition to its own farms, Bitfarms also operates a number of other bitcoin mining facilities on behalf of other companies. These include two farms in Quebec that are owned by Blockchain Foundry (a blockchain development company) and one farm in Oklahoma that is owned by Bitcoin Group SE (a German publicly-listed bitcoin mining company).
According to Bitfarms’ CEO, Guy Corem, the company currently owns around 6% of all the bitcoins that have been mined to date. This means that Bitfarms currently has around 600,000 bitcoins, which are worth over $3 billion at current prices.
Bitfarms is a large bitcoin mining company that owns several major mining farms across North America. The company has been in operation since 2014 and is one of the oldest and most well-established miners in the space.
Bitfarms currently owns around 6% of all bitcoins that have been mined to date, which equals to approximately 600,000 bitcoins. At current prices, this puts the value of Bitfarms’ holdings at over $3 billion.