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Bitfarms Ltd BITF


Primary Symbol: T.BITF

Technology Software - Application
Bitfarms Ltd. is a Canada-based global vertically integrated bitcoin mining company. The Company develops, owns, and operates vertically integrated mining farms with in-house management and Company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Company’s proprietary data analytics system delivers operational performance and uptime. The Company operates through the cryptocurrency mining segment. The Company operates server farms comprised of computers (Miners) designed for the purpose of validating transactions on the Bitcoin (BTC) Blockchain (Mining). The Company also operates Miners about 24 hours a day producing computational power (measured by hashrate) which it sells to Mining Pools under a formula-driven rate commonly known as Full Pay Per Share (FPPS). The Company has 11 farms, which are located in four countries: Canada, the United States, Paraguay, and Argentina.


TSX:BITF - Post by User

Bitfarms Ltd > Significant improvement in numbers and hashrate increase
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Post by zoevans1on Aug 01, 2024 11:15am
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Post# 36158305

Significant improvement in numbers and hashrate increase

Significant improvement in numbers and hashrate increase

Bitfarms Provides July 2024 Production and Operations Update

• Earned 253 BTC in July 2024

• 24.6 BTC/average EH/s

• Added 111 BTC, bringing Treasury to 1,016 BTC

• All five warehouses and eight hydro containers have been fully energized in Paso Pe

• Baie-Comeau expansion to 22 MW scheduled to be energized on September 1, 2024

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https://investor.bitfarms.com/news-events/press-releases/detail/258/bitfarms-provides-july-2024-production-and-operations-update

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