Bitfarms Sees 51% Drop in Annual BTC Productiont

<h1 class="d-none">Bitfarms Boosts Bitcoin Production by 21% in June</h1> <h2 class="d-none">Bitfarms Installs 39,000 New Efficient Miners</h2> Bitfarms Boosts Bitcoin Production by 21% in June

Bitfarms boosts Bitcoin production by 21% in June amid takeover attempts by Riot Platforms.

Bitfarms produced 189 Bitcoin and sold 134 BTC for $8.8 million in June.

Bitfarms now holds 905 Bitcoin, valued at $57 million, despite a 51% annual production drop due to halving.

Bitfarms' installed hashrate hit 11.4 EH/s in June, marking a 96% yearly and 39% monthly increase.

Bitfarms upgraded its fleet with 39,000 new miners, enhancing efficiency and adding a new U.S. site for 8 EH/s.

Bitfarms' operations in Paraguay were affected by severe weather, but a slight network difficulty decrease mitigated the impact.

Riot Platforms' $950M buyout bid for Bitfarms failed, but Riot acquired a 14.9% stake and sought board changes

For More English Blogs Click Here Swipe up