Bitfarms’ YTD Bitcoin Mining Figures Decrease Than 2022

Bitfarms
Ltd., a publicly-listed Bitcoin (BTC) mining firm, has launched its
manufacturing and mining operations replace for September 2023. The corporate
efficiently mined 411 Bitcoin, representing a rise of seven.3% from the earlier
month. Alongside this, Bitfarms expanded its whole working capability to
233 MW and improved its vitality effectivity metrics. Nevertheless, the year-to-date
(YTD) outcomes are nonetheless worse than a yr in the past.

In accordance
to the Wall Avenue-listed firm (NASDAQ: BITF) firm, the September 2023
mining results of 411 was increased than the 383 mined in August, which was the best quantity since Could 2023 when Bitfarms was capable of produce 459 BTC.

Nevertheless,
the numbers are considerably decrease than seen within the earlier yr. In September
2022, the corporate was capable of mine 70 BTC extra, totaling 481. Total, figures
for the primary 9 months of 2023 have been at 3,692 BTC, which was decrease than 3,733 BTC mined
in the identical interval a yr earlier.

Supply:
Bitfarms

Shifting again
to September, Bitfarms made important strides in its operational
capabilities. The corporate totally energized its Rio Cuarto facility to 51 MW,
thereby growing its whole working capability by 9% to 233 MW.

“In
September, we continued to put in new miners and totally energized Rio Cuarto to
51 MW, growing our working capability by 9% to 233 MW. 12 months-to-date, we
elevated working capability by 24% and upgraded and expanded our fleet with
over 15,000 further miners,” stated Geoff Morphy, the CEO of Bitfarms.

Different operational
highlights included the next hash charge
Hash Price

A hash charge is the measure of a cryptocurrency miner’s efficiency and a key safety metric. Within the context of mining, the extra hashing or computing energy in a given community, the larger its safety and its general resistance to attackMining hashrate is a key safety metric. The extra hashing (computing) energy within the community, the larger its safety and its general resistance to assault. Hash charge can be a measurement of the output of a tool that’s used so as to add transactions to a blockchain

A hash charge is the measure of a cryptocurrency miner’s efficiency and a key safety metric. Within the context of mining, the extra hashing or computing energy in a given community, the larger its safety and its general resistance to attackMining hashrate is a key safety metric. The extra hashing (computing) energy within the community, the larger its safety and its general resistance to assault. Hash charge can be a measurement of the output of a tool that’s used so as to add transactions to a blockchain
Learn this Time period that elevated 9% to six.1 EH/s
month-over-month (MoM) and improved vitality effectivity to 36 w/TH by putting in
28 w/TH miners. The corporate has additionally decreased its excellent debt to below $10
million, strategically positioning itself for the subsequent Bitcoin halving anticipated
in April 2024.