Express

Cryptocurrency Mining Firm Bitfarms Expanding Its Operations Regardless Of Local Residents Complains

Minh Nguyen

Summary: According to local news outlet CityNews, residents of Sherbrooke, Quebec are complaining about the noise coming from Bitfarms’ facility. The firm’s executive has spoken up about this issue and claimed that a 23-meter wall would be built to solve the problem. Bitfarms takes advantage of cheap local power by running five mining operations across the ...

According to local news outlet CityNews, residents of Sherbrooke, Quebec are complaining about the noise coming from Bitfarms’ facility. The firm’s executive has spoken up about this issue and claimed that a 23-meter wall would be built to solve the problem. Bitfarms takes advantage of cheap local power by running five mining operations across the province. The firm reportedly pays about $2.25 million dollars per year for its electricity use. This is not the first time Bitfarms has to deal with noise issues. Back in 2017, the firm had similar complains and it has since improved the condition.By Minh Nguyen 

  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 1 day ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 12 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 13 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 15 days ago
  • BTC Weekly: Momentum Top Divergence Signals Potential Shift Lower 15 days ago
  • You need to login to comment.