Bitfarms boosts production by 33%, increases Bitcoin holdings above 1,000 BTC
Summary
Bitfarms reported a 33.8% increase in Bitcoin production for July, mining 254 BTC, with a hashrate of 11.1 EH/s. Despite a 8.4% rise in mining difficulty and challenges from a takeover attempt, the company's BTC holdings rose to 1,016 BTC, valued at $67.2 million. Bitfarms aims to achieve a mining capacity of 21 EH/s and 21 w/TH by year-end.
