– Earned 189 BTC in June 2024 — Increased installed hashrate to 11.4 EH/s with 10.4 EH/s operational – – Improved energy efficiency to 25 w/TH, up 36% Y/Y and 7.4% M/M — Strategic U.S. expansion with 120 MW site, well suited for HPC/AI — 2025 power capacity target more than doubles to 648 MW from current 310 MW — On track to deliver 21 EH/s and 21 w/TH in 2024; Initiated 2025 guidance of 35+ EH/s –
This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023.
TORONTO, Ontario and BROSSARD, Quebec, July 01, 2024 (GLOBE NEWSWIRE) — Bitfarms Ltd. (NASDAQ/ TSX: BITF), a global vertically integrated Bitcoin mining company, provides its monthly production report and update on its fleet upgrade and expansion. All financial references are in U.S. dollars.
“We continue to make progress on our fleet upgrades and new facility constructions,
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