Bitfarms, a Bitcoin mining company, has taken over a new data center in Sharon, Pennsylvania, marking its first major site in the US with access to 120 megawatts of power. The company has secured 110 megawatts and plans to bring 30 megawatts online by year-end. Additionally, Bitfarms aims to lease a 10-megawatt site, reaching a total capacity of 120 megawatts by 2025. The company's CEO, Ben Gagnon, highlighted the advantages of the Pennsylvania-New Jersey-Maryland grid for Bitcoin mining and energy trading. Bitfarms is set to support 8 exahashes per second with the latest miners and explore energy trading opportunities to reduce costs. Acquiring Stronghold Digital Mining in August will further boost Bitfarms' capacity to over 950 megawatts by 2025, diversifying its operations beyond Bitcoin mining. Despite challenges like reduced rewards post-halving, Bitfarms aims for long-term growth and value creation. Read more AI-generated news on: https://app.chaingpt.org/news