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Bitfarms mines 486 bitcoin in October

Bitfarms mines 486 bitcoin in October


Seeking Alpha
2022-11-01 12:04:41

Bitcoin self-mining company Bitfarms (NASDAQ:BITF) mined 486 bitcoin in October, having closed at 14.5 bitcoin mined per day.It mined 4,219 bitcoin until October of 2022, up 53% from 2,750 bitcoin mined Y/Y.The company's October hashrate was consistent with September, having closed at 4.2 EH/s.The company expects to energize the first 6 MW of its planned 18 MW capacity at Garlock farm by mid-November.As part of its October production and mining operations update, COO Geoff Morphy said full energization is expected in December.Also, Phase 3 of The Bunker is ahead of plan for its final 12 MW capacity, with expected completion in December.Source: Press Release


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