According to Techub News and reported by Cointelegraph, Bitcoin mining company Bitfarms has signed a second hosting agreement with Stronghold Digital Mining, based in the United States, to expand operations at its site in Pennsylvania. Under the terms of the hosting agreement, Bitfarms will send an additional 10,000 Bitcoin mining machines to Stronghold's Scrubgrass site. These mining hardware were originally intended for the Yguazu mine in Paraguay.
The initial terms of the agreement will expire on December 31, 2025, after which it will automatically renew annually. Additionally, Bitfarms will pay Stronghold 50% of the mining profits monthly.
Bitmain initially signed its first hosting agreement with Stronghold in September, at which time it added the initial 10,000 mining machines to the Panther Creek facility in Pennsylvania.