According to WuSay, mining company Bitfarms announced that it will invest $240 million to upgrade its Bitcoin mining equipment to maintain profitability after the Bitcoin halving in 2024. Bitfarms' Chief Financial Officer Jeffrey Lucas said the company plans to purchase 88,000 high-efficiency Bitcoin mining machines. Previously, Bitfarms had purchased 35,888 Bitmain's Bitcoin mining machines T21. In March 2024, Bitfarms obtained 286 Bitcoins through mining, with a monthly operating hash rate of 6.5 EH/s.