On a rare occasion, the owners of Bitfarms welcomed a Radio-Canada journalist to visit.
Mr. Louis Valois – Vice President in charge of infrastructure at Bitfarms, said that the farm currently has 4,600 `plowing buffaloes` operating continuously 24/7.
‘North America’s largest’ virtual currency mining farm
“As far as we know, we are the largest cryptocurrency mining farm in North America.
Bitfarms is truly a young name in the virtual currency mining world.
Bitfarms currently owns 4 virtual currency mining farms in Quebec.
“We try to source as much power as possible in Quebec.
Quebec is an ideal place in North America to set up virtual currency mining farms.
Accordingly, cold weather helps keep the excavator’s temperature better.
“People are sending representatives to Quebec to find places to rent land,” said Louis Roy, partner at Raymond Chabot Grant Thornton, a service unit in the virtual currency sector in Quebec.
Louis Valois and Pierre-Luc Quimper at the farm.
Bitfarms bosses are not worried.
However, Bitfarms’ concern is that the price of Bitcoin is currently very volatile and there is often bad information.
However, Quimper and his colleagues still plan to invest in more mining machines with the ambition of becoming the largest virtual currency mining company in the world.