Mining company Bitfarms produced 236 BTC in October and sold 194 BTC in the same month

According to Bitfarms' latest announcement, the company mined 236 BTC in October 2024, a month-on-month increase of 9% but a year-on-year decrease of 41%. It sold 194 BTC that month, earning $13 million in revenue and increasing its Bitcoin holdings from 1147 to 1188. Bitfarms' computing power reached 11.5 EH/s this month, an annual increase of 83%. In addition, under the custody agreement with Stronghold Digital Mining, a total of 20,000 mining machines will be deployed supporting approximately four EH/s of computing power and are expected to go online in batches over the next few months.