Canadian cryptocurrency miner Bitfarms announced how many Bitcoins it produced in September.
Bitfarms, one of the mining giants in the cryptocurrency industry, made 411 deposits in total last month. He produced Bitcoin explained. Thus, the company produced 7.3% more bitcoin compared to the previous month.
According to the statement, the company sold 362 of the Bitcoins (BTC) it produced. $9.5 million earned income. The company’s reserves still have approximately 20 million dollars worth, 703 Bitcoins is available.
Bitfarms has been increasing its mining capacity since the beginning of the year. Expanding its facility in Argentina, the company increased its capacity by 24% throughout the year, reaching a capacity of 233 MW.
Bitfarms executives said the company in April 2024 With the expected Bitcoin halving, that you can grow believes.
As a result of the Bitcoin halving, which occurs approximately every four years, mining rewards are cut in half. Nowadays, they are rewarded for every block they dig. 6.25 BTC miners who receive per block after the next halving 3,125 BTC they will win.