Bitfarms’ bitcoin production slips 41% Y/Y in October
- Bitfarms (NASDAQ:BITF) generated 236 BTC in October 2024, down roughly 41% Y/Y, but up 8.7% from 217 BTC produced in September 2024.
- The company reported a 3% increase in average operating EH and an 8% increase in bitcoin difficulty during the month.
- It sold 194 of the 236 BTC earned as part of the company’s regular treasury management practice for total proceeds of $13M.
- Bitcoin treasury increased to 1,188 BTC from 1,147 BTC in September.
- Source: Press Release