Mining company Bitfarms has placed an order for 35,888 Antminer T21 Bitcoin mining devices from Bitmain at a price of $2,660 per unit.

According to the stated data, the transaction amount will be about $95.5 million. Equipment delivery is expected in March-May 2024.

Bitfarms also received an option to purchase an additional 28,000 Antminer T21.

After deploying the purchased installations, the company expects to increase the hashrate to 12 EH/s with an installed capacity of 310 MW in the first half of 2024. By the end of the year, the figures should reach 17 EH/s and 391 MW, respectively.

According to Bitfarms President and CEO Jeff Morphy, “the most attractive prices for equipment since 2020” allowed the company to launch a comprehensive program to modernize the company’s miner fleet. The average energy efficiency of the firm's equipment should rise to 23 W/TH as a result, he added.

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