TechFlow reported, according to Cointelegraph, bitcoin mining company Bitfarms has announced a hosting agreement with Stronghold Digital Mining to deploy 10,000 Bitmain T21 miners at its Panther Creek mining facility in Pennsylvania. Operations are set to commence on October 1, 2024, which will increase Bitfarms' computing power by 2.2 EH/s.
Under the agreement, Bitfarms will pay Stronghold 50% of the profits generated by the miners. The fee arrangement will be renewed annually as stipulated in the hosting agreement until either party decides not to renew the contract.
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