Bitfarms Ltd. provided an update on its plans to reach its previously announced target hash rate of 3.0 EH/s by the end of 2021. Bitfarms announced the purchase of 6,600 new generation miners from Bitmain, as the Company aggressively adds to its fleet of installed miners. This purchase of 660 PH is Bitfarms' largest purchase from Bitmain to date. Cumulatively, this purchase represents 660 PH/s out of 1,053 PH/s of miners scheduled for delivery throughout the remainder of 2021. Once installed, these miners are expected to increase Bitfarms' operating hash rate to approximately 2.5 EH/s. This represents a 159% growth rate from the end of 2020 and achieves 83% towards year end goal of 3 EH/s. If all 2.5 EH/s of equipment were installed on May 6, 2021, it would produce approximately 15.5 BTC per day under current market conditions. The company intends to seek the acquisition of additional miners to accomplish year-end goal when conditions are appropriate. The purchase of 6,600 miners is in addition to the significant commitments Bitfarms has recently made to developing new infrastructure in Québec, which is required to deliver on its growth forecast goals for 2021. These developments include previously announced Sherbrooke expansion plan, which is projected to increase Bitfarms' installed power capacity by approximately 66 MW.