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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.


TSX:BITF - Post by User

Bitfarms Ltd
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Post by Betteryear2on Jan 02, 2024 9:36am
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Post# 35806835

Bitfarms Earns 446 BTC in December 2023

Bitfarms Earns 446 BTC in December 2023

Increases hashrate 44% YOY to 6.5 EH/s at Dec. 31, 2023, exceeding guidance -
- Expands total contracted capacity to 593 MW at Dec. 31, 2023 -
- On track to achieve 12 EH/s and 25 w/TH fleet efficiency in Q2 2024 -
- Optionality to achieve 17 EH/s and 23 w/TH fleet efficiency in 2024 -

TORONTO, Ontario and BROSSARD, Qubec, Jan. 02, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: BITF//TSX: BITF), a global vertically integrated Bitcoin mining company, provides an update for the month and year ended December 31, 2023.

Bitfarms Earns 446 BTC in December 2023 and 4,928 BTC for (globenewswire.com)

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