11:33 AM EST - Bitfarms Ltd. : Provides a Bitcoin (BTC) production and mining operations update for August. “In August, we powered up new miners and continued to optimize the fleet at several locations, driving our hashrate up to 5.6 EH/s,” said Geoff Morphy, CEO of Bitfarms. “At Baie-Comeau, Québec, our newest production facility ran smoothly at around 5 MW throughout the month, and we completed the racking of all miners re-deployed there. The remaining step to reach 11 MW of production at Baie-Comeau is to energize the 6 MW power line, which we expect to be completed in September. This, in conjunction with final miner installations in Rio Cuarto, Argentina, supports our ability to achieve our target hashrate of 6.3 EH/s by the end of September.” Bitfarms Ltd.
shares T.BITF are trading down $0.02 at $1.82.
