Mining company Bitfarms reaches 2.2 EH/s hosting agreement with Stronghold, which will be launched in October ahead of schedule

BlockBeats news, on September 15, crypto mining company Bitfarms recently announced a hosting agreement with Stronghold Digital Mining, which will add 2.2 EH/s computing power in October 2024, two months ahead of schedule.

The agreement will add 10,000 Bitmain T21 mining machines to Bitfarms' Panther Creek facility in Pennsylvania and begin operation on October 1, 2024.

Bitfarms will pay Stronghold a fee equivalent to 50% of the profits generated by the miners' hosting agreement, which will be renewed annually until either party decides not to renew the contract.