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Bullboard - Stock Discussion Forum Bitfarms Ltd T.BITF

Alternate Symbol(s):  BITF

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... see more

TSX:BITF - Post Discussion

Bitfarms Ltd > Increase in production and hashrate. Great news!
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Post by zoevans1 on Jul 01, 2024 10:03am

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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