ChainCatcher news, the cryptocurrency mining company Bitfarms has signed a second hosting agreement with the American Stronghold Digital Mining to expand its operations at its facility in Pennsylvania. The initial terms of the agreement will expire on December 31, 2025, after which it will automatically renew annually. Additionally, Bitfarms will pay Stronghold 50% of the miner profits each month.Bitfarms CEO Ben Gagnon stated that the 20,000 miners on site will enhance efficiency and continue to improve the overall efficiency of the company. Previously, Bitmain signed the first hosting agreement with Stronghold in September, when it added an initial 10,000 miners to its Panther Creek facility in Pennsylvania. (Cointelegraph)

ChainCatcher news, according to Cointelegraph, Bitcoin mining company Bitfarms announced a hosting agreement with Stronghold Digital Mining to add 10,000 Bitmain T21 mining machines to its Panther Creek mining facility in Pennsylvania, with operations set to begin on October 1, 2024, which will increase Bitfarms' hash rate by 2.2 EH/s.It is reported that Bitfarms will pay Stronghold a fee equivalent to 50% of the profits generated by the miners, which will be renewed annually according to the terms of the hosting agreement until either party decides not to renew the contract.

ChainCatcher news, Bitcoin mining company Core Scientific (CORZ) stated in a statement that it has exercised an option in a previous contract to host approximately 112 megawatts (MW) of additional GPUs for "artificial intelligence super-scale" company CoreWeave.The new contract will take effect in the first half of 2026 and is expected to generate approximately $2 billion in additional revenue, bringing total revenue to $6.7 billion. The statement added that CoreWeave will bear all capital investment costs required to prepare Core Scientific's existing mining infrastructure for HPC.Core Scientific's stock surged 17% on Tuesday, outperforming other cryptocurrency-related stocks.