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 Oct 03, 2022 7:48am

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Post# 35000990

3,733 BTC mined in first nine months of 2022

- 3,733 BTC mined in first nine months of 2022, exceeding full year 2021 production

- Achieves September 30, 2022 target of 4.2 Exahash/second

- Initiates production and continues build out at first warehouse in Argentina

"During September, we mined 481 BTC, averaging 16 BTC mined per day and exited the month at 17 BTC mined per day. Our increased capacity continues to deliver growth, even while network difficulty increased as much as 13%", said Ben Gagnon, Chief Mining Officer of Bitfarms

https://bitfarms.com/media/news/detail/163/bitfarms-provides-september-2022-production-and-mining

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