Bitfarms’ bitcoin production slips 41% Y/Y in October

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2 months ago

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

Tags: BITF