Bitfarms Engages ASG And WWT for HPC And AI Integration Feasibility
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Bitfarms Ltd., a Bitcoin mining company listed on Wall Street, has hired two consulting firms, Appleby Strategy Group (ASG) and World Wide Technology (WWT). These firms will look at how possible it is to add high-performance computing (HPC) and artificial intelligence (AI) to Bitfarms’ operations.
They will check all of Bitfarms’ North American sites and give advice on how to expand Bitfarms’ use of HPC and AI. Bitfarms’ Chief Executive Officer, Ben Gagnon, said that the company is focused on getting the most value from its North American sites, which have a total power capacity of 1.2 gigawatts.
Bitfarms Aims To Boost Business With HPC And AI Integration
Gagnon said ASG and WWT will help look at Bitfarms’ places and see how they can be used for big computer work and smart AI.
These helpers will also come up with ideas to make Bitfarms bigger and sell more things. They will help tell other companies about Bitfarms’ big computer rooms so these companies can use them.
This is part of a bigger idea where Bitcoin companies are trying to find new ways to make money because the market is changing, and power is getting more expensive.
Gagnon told everyone that after talking to possible helpers for big computers and AI, Bitfarms is sure its places in North America, especially ones on the PJM power grid, are a great choice for these new technologies.
Bitfarms Strives For Long-Term Growth With Stable Energy Contracts
Bitfarms started in 2017, and now it runs 12 big Bitcoin rooms, with two more being built. The company also has deals to host two other big rooms. Its work is spread across Canada, the United States, Paraguay, and Argentina. Bitfarms can control how it sets up and fixes things at its rooms.
The company mainly uses hydroelectric power to run its operations and has long-term energy contracts that it believes will help keep its costs stable. Gagnon explained that these contracts are important because they give Bitfarms a steady income. This will make a strong business that can keep giving good things to Bitfarms’ investors for a long time.
Gagnon finished by saying Bitfarms wants to make a strong plan that lasts a long time. With both Bitcoin mining and smart AI work, the company will grow and stay safe for the future. This mix will help the company get bigger and give good things to its workers and investors.
