Publicly listed Wall Avenue Bitcoin (BTC) miner Bitfarms
Ltd. (NASDAQ: BITF) has appointed two consulting companies, Appleby Technique Group
(ASG) and World Huge Know-how (WWT), to evaluate the feasibility of integrating
high-performance computing (HPC) and synthetic intelligence (AI) operations
into its infrastructure.
The consultants will consider all of Bitfarms’ North
American websites and supply suggestions for its international HPC and AI technique.
Bitfarms Hires Consultants for HPC/AI Technique
“Bitfarms is dedicated to maximizing the utility and
worth of our 1.2 GW North American portfolio. ASG and WWT will draw upon their
substantial experience to judge our websites for HPC/AI.” Bitfarms CEO Ben
Gagnon commented.
Along with the feasibility examine, ASG and WWT will
develop gross sales and enterprise enlargement methods for Bitfarms. They can even
help in advertising the corporate’s services to potential prospects on the lookout for
knowledge heart options. The transfer comes as Bitcoin mining companies discover
diversification alternatives amid fluctuating market situations and growing
power prices.
“Primarily based on energetic discussions over the previous a number of
months with potential HPC/AI companions and prospects, we’re assured that our
North American portfolio pipeline, notably websites situated on the PJM grid,
is strongly suited to HPC/AI,” Gagnon added.
Bitfarms Engages Strategic Companions to Develop HPC/AI Enterprise – Inexperienced Inventory Information https://t.co/pLOpiVb3Rd $BITF #cleantech #blockchain pic.twitter.com/QQrp2I3rFj
— Inexperienced Inventory Information (@greenstocknews) January 31, 2025
Bitfarms Operates 12 Bitcoin Knowledge Facilities
Based in 2017, Bitfarms operates 12 Bitcoin knowledge facilities
and has two extra below growth. The corporate additionally has internet hosting agreements
with two extra services. Its operations span Canada, the USA,
Paraguay, and Argentina. Bitfarms maintains a vertically built-in construction,
managing its electrical engineering, set up providers, and on-site
technical restore facilities.
Specializing in Sustainable Power, Producing Regular Income
Bitfarms states that it depends totally on hydroelectric
energy and long-term power contracts to help its operations. The corporate
sees these contracts as a basis for steady income.
“The contracts related to HPC/AI prospects present
long-term, regular money flows and earnings streams whereas our Bitcoin mining
operations will proceed to monetize Bitcoin’s versatile upside potential,
creating a strong and resilient portfolio that can generate long-term worth
for our shareholders,” Gagnon concluded.
This text was written by Tareq Sikder at www.financemagnates.com.
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