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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 Jul 01, 2024 10:03am
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Post# 36113219

Increase in production and hashrate. Great news!

Increase in production and hashrate. Great news!

- Earned 189 BTC in June 2024 -

- Increased installed hashrate to 11.4 EH/s with 10.4 EH/s operational -

- Improved energy efficiency to 25 w/TH, up 36% Y/Y and 7.4% M/M -

- Strategic U.S. expansion with 120 MW site, well suited for HPC/AI -

- 2025 power capacity target more than doubles to 648 MW from current 310 MW -

- On track to deliver 21 EH/s and 21 w/TH in 2024; Initiated 2025 guidance of 35+ EH/s -

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https://investor.bitfarms.com/news-events/press-releases/detail/252/bitfarms-provides-june-2024-productionand-operations
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