Bitfarms Achieves Record-Breaking Mining Results, Generates 411 BTC in September

Bitfarms, one of the largest Bitcoin miners, increased its mining production in September, generating 411 BTC and selling 362 BTC for $9.5 million. The company continues to hold 703 BTC. Bitfarms has been installing new miners and expanding its operating capacity, reaching 233 MW. Despite growth, the hash rate is slightly below the target due to infrastructure delays. Bitfarms believes that the upcoming BTC halving in April 2024 will present growth opportunities, as it will increase mining costs. However, the mining pace is slightly lower than in 2022.