Bitfarms is Renewing Its Washington Thesis with Artificial Intelligence.

Bitfarms Washington Facility Transformation Project

Bitfarms has announced plans to transform its 18 MW capacity facility in Washington state into an artificial intelligence infrastructure, marking a significant step in the field of Bitcoin mining. This transformation will be carried out to support high-performance computing (HPC) and artificial intelligence applications. Bitfarms' commitment to this new project aims to enhance its competitiveness in the industry.

Details of the Transformation Process

According to the company’s statement, the transformation process of the Washington facility will be supported by an advanced liquid cooling system, providing energy capacity of up to 190 kW per rack. This marks Bitfarms' first fully-fledged transformation project in this area.

Strategic Partnerships and Agreements

As part of the transformation, Bitfarms has signed a strategic agreement worth $128 million with a major U.S. data center infrastructure provider. Through this agreement, the partner will supply all critical IT equipment and construction materials for the facility. Thus, the goal is to have a total infrastructure capacity of 18 MW for the facility.

Energy Efficiency Goals

Bitfarms aims to become a leader in energy efficiency with the transformation project. The company targets a Power Usage Effectiveness (PuE) value between 1.2 and 1.3. This value also reflects the facility's commitment to energy efficiency and sustainability.

Project Completion Date

The transformed facility is planned to be completed by December 2026. Bitfarms' approach to this project demonstrates its determination to adopt future technologies in artificial intelligence and energy efficiency.