Bitfarms mined 204 BTC in November and sold 171 BTC.
2024-12-02 20:42:15
Bitcoin mining venture Bitfarms has published its latest monthly production report. The company's mining operations generated 204 BTC in November, compared to 236 BTC in October, reflecting a 1% increase in average operating EH and a 7% increase in Bitcoin difficulty. The operating speed on November 30 was 12.8 EH/s, an increase of 100% year-on-year and 11% month-on-month. Year-to-date mining output of the company totaled 4,482 BTC. In addition, Bitfarms sold 171 of the 204 BTC earned in the company's regular money management business, for a total gain of $14.6 million. Taking into account the transfer of funds from bitcoin to Bitmain, Bitfarms held 870 bitcoins at the end of November, down from 1,188 bitcoins last month. (Globenewswire)