🚀Canadian Bitcoin mining firm Bitfarms is on a roll, mining 411 BTC in September 2023, a 7.3% increase from August! They sold 362 BTC, raking in $9.5 million, and still hold 703 BTC worth nearly $20 million.💰
- Bitfarms' mining boost is due to new miner installations and fully energizing its Argentina facility at Rio Cuarto to 51 MW.⚡️
- Total operating capacity is now 233 MW, a 24% increase in 2023.📈
- Bitfarms' hashrate rose 9% to 6.1 EH/s, but still below the Q3 target of 6.3 EH/s due to electrical infrastructure delays in Québec.🔌
CEO Geoff Morphy is eyeing growth opportunities from the next Bitcoin halving in April 2024, which will cut miner block rewards in half.🔜🔥
- Bitfarms' mining boost is due to new miner installations and fully energizing its Argentina facility at Rio Cuarto to 51 MW.⚡️
- Total operating capacity is now 233 MW, a 24% increase in 2023.📈
- Bitfarms' hashrate rose 9% to 6.1 EH/s, but still below the Q3 target of 6.3 EH/s due to electrical infrastructure delays in Québec.🔌
CEO Geoff Morphy is eyeing growth opportunities from the next Bitcoin halving in April 2024, which will cut miner block rewards in half.🔜🔥