Bitfarms Reports Higher BTC Production Following Increase In Miner Revenues
Public bitcoin miners have had a difficult couple of months since the price of bitcoin dropped below the $30 level. The digital asset’s mining revenues had plummeted with the price and had brought down the cash flow on bitcoin miners with it.
One of the bitcoin miners that has recorded positive growth even through the bear market has been Bitfarms. The company’s recent reports show moves in the right direction in regards to its mining hashrate and the amount of BTC it is producing. The month of August had seen Bitfarms increase its mining hash rate by 1% to bring its total for the month to 3.9 exahashes per second (EH/s). Furthermore, the miner had also increased its monthly BTC production to 534, translating to a 6.8% increase.
Source
t.me/Mining_Crypto_Miner
