Canada will be the world’s largest bitcoin mining farm

Canada will be the world’s largest bitcoin mining farm

Canada is fast becoming one of the most popular countries among miners.

Local firm Bitfarms signed a partnership agreement with an Israeli firm Blockchain Mining Ltd., whose goal is the creation of the biggest at the moment mining farm in the world.

It is obvious that Canada will continue to play a significant role in the future mining industry. In the country there are many renewable energy sources, and also has the necessary infrastructure. Bitfarms actively working in the region since 2013, and it seems that the company plans to continue to grow. This is one of the most successful companies in the field of mining in Canada.

The merger Bitfarms Blockchain and Mining Ltd.

Israeli firm Blockchain Mining Ltd. in the past engaged in trade in precious metals, but after she switched to mining cryptocurrency, the price of its shares on the stock exchange of tel Aviv flew to 1300%. Merging The Blockchain Mining Ltd. and Bitfarms scheduled to be completed in the near future.

As a result of the merger of BML will own 75% stake Bitfarms. A canadian company receives financial support from the Israeli company and access to investment banks that works with the Blockchain Mining Ltd.

If the application and plans will be implemented in full, the total power Bitfarms, after the construction of the new farm will exceed 100 MW, and Hasrat – more than 200 pathala per second.

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