Bitfarms Mines 411 BTC in September, Increases Hashrate by 9%
Canadian Bitcoin (BTC) mining firm has increased its production capacity this year with eyes locked on better opportunities hinged on the upcoming BTC halving. According to an Oct. 2 press release on the firm's mining op...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
According to an Oct. 2 press release on the firm's mining operation for September, the company increased its hashrate, capacity, and efficiency.
Last month, the miner generated 411 BTC, selling 362 BTC for approximately $9.5 million bringing up its current asset holdings to 703 BTC worth about $20 million. ...
Read More: Bitfarms Mines 411 BTC in September, Increases Hashrate by 9%
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
BitFuFu and Finloop launch Hashrate Token, a BTC-denominated note tied to mining output
The launch of HASH tokens could democratize Bitcoin mining investments, but investors face risks from fluctuating mining outputs a...
Tether paid millions to Bo Hines’ firm while he worked at the White House
The scrutiny over Hines' dual roles may undermine trust in stablecoin regulations and impact Tether's US market expansion efforts....
Crypto Regulation: Firms Face AI Controls Before Dedicated Rules Arrive
In crypto regulation news, the rise of AI has led financial supervisors to shift from broad concern to concrete expectations for h...
Bitcoin mining pool once handling 2.3% of network shuts after hashrate falls 65%
Computing power directed at Binance Pool has fallen from 26 EH/s in December to about 9 EH/s. Its remaining miners must choose ano...
Solana treasury firm DeFi Development raises CHAD preferred stock dividend rate to 14%
The increased dividend rate may attract more investors, enhancing capital for Solana acquisitions but also heightening exposure to...
Ledger Says Organized Crime Group Spent Millions Targeting Hardware Wallet Users
Bitcoin Magazine Ledger Says Organized Crime Group Spent Millions Targeting Hardware Wallet Users Ledger has issued a statement fo...