Bitfarms expands into Pennsylvania amid Riot’s growing stake Bitfarms announces U.S. expansion in Pennsylvania, while Riot Platforms increases its ownership stake in the company to 14%. Bitcoin mining company Bitfarms announced its expansion into the United States on June 14, establishing a new site in Sharon, Pennsylvania.According to the firm’s official press release, Bitfarms has agreed to develop up to 120 megawatts (MW) of power capacity in the region.The new site within the Pennsylvania-New Jersey Maryland (PJM) Interconnection will grant Bitfarms access to competitive electricity rates and opportunities that help the firm “optimize and hedge energy costs.”
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