All articles tagged with #bitfarms
A former FTX executive has been sentenced, and bitcoin miner Riot is pursuing a takeover of Bitfarms. Additionally, Sergey Nazarov of Chainlink Labs discusses a pilot program with DTCC and financial institutions to bring Net Asset Value (NAV) data on-chain.
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.