PANews reported on November 5 that according to the latest announcement from Bitfarms, the company mined 236 BTC in October 2024, a 9% increase from the previous month and a 41% decrease from the previous year. 194 BTC were sold that month, earning $13 million in revenue, increasing Bitcoin holdings from 1,147 to 1,188. Bitfarms' computing power reached 11.5 EH/s this month, an increase of 83% year-on-year. In addition, Bitfarms' hosting agreement with Stronghold Digital Mining will deploy a total of 20,000 mining machines, supporting a computing power of approximately 4 EH/s, which is expected to be launched in batches in the coming months.
Mining company Bitfarms produced 236 BTC in October and sold 194 BTC that month
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