According to ChainCatcher, Cointelegraph reported that Bitcoin mining company Bitfarms announced that it had reached a hosting agreement with Stronghold Digital Mining, and plans to add 10,000 Bitmain T21 mining machines to its Panther Creek mining facility in Pennsylvania, and start operations on October 1, 2024, which will increase Bitfarms' computing power by 2.2 EH/s.

It is reported that Bitfarms will pay Stronghold a fee equivalent to 50% of the profits generated by miners, which will be renewed annually in accordance with the hosting agreement until either party decides not to renew the contract.