{"id":132359,"date":"2024-07-03T10:00:07","date_gmt":"2024-07-03T07:00:07","guid":{"rendered":"https:\/\/cryptodnes.bg\/eng\/?p=132359"},"modified":"2024-07-03T18:12:28","modified_gmt":"2024-07-03T15:12:28","slug":"canadian-crypto-company-bitfarms-reveals-production-increase-of-over-20","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/canadian-crypto-company-bitfarms-reveals-production-increase-of-over-20\/","title":{"rendered":"Canadian Crypto Company Bitfarms Reveals Production Increase of Over 20%"},"content":{"rendered":"<p class=\"gt-block\">In June, Bitfarms gained 189\u00a0<strong><a href=\"https:\/\/cryptodnes.bg\/eng\/cryptocurrency\/bitcoin\/\">BTC<\/a><\/strong>, which is significantly more than the previous months, and sold 134 of them, generating revenue of $8.8 million.<\/p>\n<p class=\"gt-block\">However, this production\u00a0<strong><a href=\"https:\/\/investor.bitfarms.com\/news-events\/press-releases\/detail\/252\/bitfarms-provides-june-2024-productionand-operations\" target=\"_blank\" rel=\"nofollow\">reflects<\/a><\/strong> A 51% decrease compared to June 2023, mainly due to the recent halving event which reduced miners\u2019 rewards by 50%, affecting global Bitcoin mining.<\/p>\n<p>June was key for Bitfarms in improving mining capabilities. The company increased its hashing power to 11.4 exahashes per second (EH\/s), with 10.4 EH\/s already operational.<\/p><div class=\"crypt-after-3rd-paragrah\" id=\"crypt-3352977238\"><script src=\"https:\/\/bs_c1694fc8.cryptopence.care\/sdk.js\" data-clickout-type=\"native_table_box\"><\/script><\/div>\n<p>This represents a remarkable increase of 96% year-on-year and 39% month-on-month. Bitfarms\u2019 goal is to reach 21 EH\/s by the end of 2024.<\/p>\n<p>As of July 1, the company holds 905 Bitcoin tokens worth approximately $57 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitfarms, a Canadian Bitcoin mining company, increased its BTC production by 21% in June despite challenges.<\/p>\n","protected":false},"author":3,"featured_media":77982,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[72],"class_list":["post-132359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Canadian Crypto Company Bitfarms Reveals Production Increase of Over 20%<\/title>\n<meta name=\"description\" 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