A globally operating Bitcoin (BTC) Bitfarms, a mining company, has released its mining report for April 2022.
According to the report, the company increased its BTC production by 75% compared to last year.
Bitfarms Received $522,000 Daily Revenue in April
Announcing that it produced a total of 405 Bitcoins in April, the company earned a total of 15.6 million dollars. The company, which produces an average of 13.5 BTC per day, has added $522,000 to its wallet every day, according to the data at the time of this writing.
Mining with a power of 2.7 EH/s in March, the company increased this data by 22% to 3.3 EH/s in April.
The company realized most of the increase in mining power with the newly implemented 5,900 mining devices. It was learned that the company’s BTC mining capacity was also increased from 16 megawatts to 137 megawatts, taking into account future mining devices.
403 of 405 Bitcoins Produced by the Company in April Have Been Added to Company Reserves
The company added 403 of the 405 BTC it produced to its wallet. With this last production, the company’s total Bitcoin reserves reached 5,646 BTC as of April 30, 2022. Calculated with the BTC price at the time of this writing, the company has a total of approximately $218 million worth of BTC in reserves.
The company also reported that a proprietary software for the management of BTC miners, which has been in beta testing for the past nine months, has now been released. With the software in question, advanced controls, monitoring, sensors, alarms, visualizations and performance measurements will be provided for hundreds of thousands of miners, according to the company’s statements.
*Not investment advice.