Bitfarms Expands US Operations with New Pennsylvania Mega-Site

The largest Bitcoin mining business, Bitfarms, has made a big step forward in its growth by taking over management of its newest data center, located in Sharon, Pennsylvania. With its astounding 120 megawatts (MW) of power capacity, this plant is Bitfarms’ first mega-site in the United States. By the end of the year, the company hopes to have 30 MW online, having already secured 110 MW.

Strategic Growth and Future Plans

As part of its ambitious US expansion strategy, Bitfarms is also considering leasing an additional 10-MW site, aiming to reach the full 120 MW capacity by 2025. The Pennsylvania-New Jersey-Maryland grid, where this site is located, is the largest wholesale electricity market in the US. This market provides abundant, competitively priced, and flexible power options, making it an ideal location for Bitcoin mining, energy trading, and high-performance computing, including artificial intelligence.

Bitfarms CEO Ben Gagnon highlighted the importance of this site, stating, “This site increases our US presence nearly sevenfold and kickstarts our aggressive US growth plan.” He added that the new site is expected to support up to 8 exahashes per second with the latest generation of Bitcoin miners. Additionally, Gagnon noted that there are significant opportunities for curtailment, demand-response, and energy trading, which will help the company manage energy costs effectively.

The August 21 acquisition of Stronghold Digital Mining by Bitfarms is the foundation of this new mega-site. With the acquisition, Bitfarms will have added up to 307 MW of capacity, putting it on pace to reach over 950 MW in energy by the end of 2025. A key component of Bitfarms’ plan to maintain its leadership in the very competitive Bitcoin mining market is this expansion.

By making these calculated decisions, Bitfarms is putting itself in a position to benefit from the rising demand for high-performance computing and energy-efficient Bitcoin mining solutions, as well as to increase its presence in the US.