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Bitfarms Bitcoin Production Increases on New Mining Equipment


www.coindesk.com 01 October 2021 12:05, UTC
Reading time: ~2 m

Bitfarms, a bitcoin mining company, said it produced 38% more bitcoins in the third quarter than the second as new mining equipment was installed.

  • The company mined 1,050 bitcoins in the third quarter, 305 of them in September. The increase took its nine-month total to 2,407.
  • In September, the company received 540 mining machines, raising its hashrate, or computing power, to 1.53 exahash per second.
  • More deliveries are expected in coming months.
  • “With scheduled monthly deliveries totaling 55,000 miners over the next 15 months and new high-power production facilities coming online, we are regularly increasing our hashrate towards our goals of 3 exahash per second (EH/s) in first quarter 2022 and 8 EH/s by year end 2022,” CEO Emiliano Grodzki said in a statement.

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