According to Odaily, Bitfarms, a Bitcoin mining company, has released its monthly production report. The report reveals that the company's mining output for June was 189 BTC, a 21% increase from the 156 BTC mined in May. However, this figure represents a 51% decrease compared to the same period last year.
The report also noted that production cuts in Argentina and shutdowns in Quebec have reduced the total output. However, a 0.8% decrease in network difficulty compared to May has somewhat offset this impact. Despite the challenges, Bitfarms has managed to increase its monthly output, demonstrating resilience in the face of adversity.