Bitfarms Ltd T.BITF

Alternate Symbol(s): 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.

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Bitfarms Ltd

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Post by zoevans1on May 01, 2024 9:49am

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Post# 36017043

Tracking to 21 EH/s and 21 w/TH in 2024 🚀🚀

Bitfarms Provides April 2024 Production and Operations Update

• Earns 269 BTC in April 2024

• Improves corporate energy efficiency 9% to 31 w/TH

• Tracking to 21 EH/s and 21 w/TH in 2024 with transformative fleet upgrade

• Expects VAT refund from Canada of US $23.7M

With miner installations underway at Paso Pe and full site energization scheduled in May, the Company’s transformative fleet upgrade and expansion plan is on schedule to deliver 21 EH/s and 21 w/TH in 2024.

Press Release: https://bit.ly/4df5HEh

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