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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 zoevans1on Jun 03, 2024 11:02am
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Post# 36069278

Excellent news and more and more growth!

Excellent news and more and more growth!

Bitfarms Provides May 2024 Production and Operations Update

• Earned 156 BTC in May 2024

• Secured additional hydropower in Paraguay with potential to add 6 EH/s in 2025

• Increased installed hashrate to 9.5 EH/s with 7.5 EH/s operational

• On track to deliver 21 EH/s and 21 w/TH in 2024

https://bit.ly/4586cfs

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