By Robb M. StewartBitfarms' shares rallied after the bitcoin mining company said it was ready to grow its hashrate in the first half next year as it installs one of the largest fleets of air-cooled miners currently made. In Friday trading, the shares were 14% higher at C$2.24 in Toronto, with the advance so far this year now at 300%. The company said that in anticipation of the halving, it placed a firm order for 35,888 high-performance Bitmain T21 miners that are scheduled for deliveries from March to May. Bitfarms' production in November was down 1.5% from the month before but its hashrate, a measure of how much computing power is being used by a network to process transactions, increased 2%. Write to Robb M. Stewart at robb.stewart@wsj.com(END) Dow Jones NewswiresDecember 01, 2023 11:59 ET (16:59 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal December 02, 2023 05:03 UTC