Since the beginning of human civilization, technology has changed the way how we connect to people. Recently Internet changed the way we communicate and receive information, then social media changed the way we connect and now blockchain is changing all the paradigms of the world. Bitfarms has arrived to become the leading company in this new transformation.
What Is Bitfarms?
Bitfarms owns and operates blockchain farms that powers the global decentralized financial economy. The farms provide computing power to cryptocurrency networks like Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash earning fees from each network for securing and processing transaction 24/7. They manage and design infrastructures which makes it possible to process transactions more efficiently and securely. By using green and sustainable power sources, they consume less than half of the energy than any other farm in the world.
Their founders have been involved in cryptocurrency since 2009 and have invested in or operated blockchain farms around the world. Leveraging on this experience, they have learned to operate a successful crypto farming operation, the factors to focus on and what to avoid.
Bitfarms has an integrated center for remote and human operations, which empowers a decentralized financial company at a global level.
Over the last three years, they have developed a proprietary business model that has enabled their team to lock up substantial low cost clean power capacity and stable supply of computing chips from leading manufacturers.
Bitfarms Sustainable Bitcoin Mining Energy Power Farms Advantages
They own and operate all of the farms associated with them in what is a vertically integrated operation where they design, construct and operate the facilities. Their team of 50 employees and third party contractors help run the facilities.
Their founders have unique technical experience in designing, building, operating and scaling server farms and data centers having founded one of the largest independent hosting companies in Canada.
They have a strong reciprocal relationship with Bitmain and Antminer which is the largest ASIC chip manufacturer in the world and operate of the cryptocurrency mining pool.
They have become one of the largest consumers of power from Quebec Hydroelectric and have negotiated substantial discounts on long term clean power contracts.
They use clean energy especially from Hydroelectric sources. This drastically reduces the carbon footprint.
Independent Power Sources:
Owning an electrical contracting company allows them to manage 24/7 shift and ambitious work schedules. Under no circumstances will the mining operations stop.
Location of farming sites are strategically placed to minimize the transport costs of the raw materials and have access to cheap sustainable power.
With a trust in cryptocurrency and a philosophy that believes that the cryptocurrency prices will continue to rise, the focus on holding the surplus coins as long-term investment with prudent diversification of their portfolio into precious metals and investment properties.
Bitfarms already has the largest crypto mining operation in North America and one of the largest professional operations in the world. They are the first public company which is dedicated to cryptomining, offering the possibility to add public or private investors. The company’s stock has skyrocketed to over 1800% in the last year due to the increase in demand of cryptocurrencies and mining operations in general.
You can find more about the company on their website bitfarms.io/