Bitfarms Increases Bitcoin Mining in August 2022
Bitfarms, a global Bitcoin (BTC) self-mining company, mined 534 Bitcoins for an average of 17.2 BTC/day in August 2022 alone, up 50% from August 2021. Talking about the growth in Bitcoin mining, Ben Gagnon, Chief Mining Officer of Bitfarms, said, “Our hash rate grew to 3.9 EH/s, up 1% from the beginning of August, and we averaged 3.8 EH/s for the month.”
A press release from Bitfarms said that the company averaged over 17 BTC per day, ending the month with a total production of 534 BTC, up 7% from 500 BTC in July. Commenting on the August reports, Geoff Morphy, President and COO of Bitfarms, said, “The initial segment of our first 50-megawatt (MW) warehouse in Rio Cuarto, Argentina, is nearing production and will be a key contributor to achieving our goal to deliver 4.2 exahash per second (EH/s) by September 30.”. According to the document, in the last 12 months, industrial investment grew by 220%.
Source
t.me/Mining_Crypto_Miner
