PANews December 2 news, according to Globenewswire, Bitcoin mining company Bitfarms released its latest monthly production report, indicating that the company mined 204 BTC in November, down from 236 BTC in October, reflecting an average operational EH increase of 1% and a Bitcoin difficulty increase of 7%. On November 30, the operational speed was 12.8 EH/s, a year-on-year increase of 100% and a month-on-month increase of 11%. So far this year, the company's BTC mining output totaled 4482 coins.
In addition, Bitfarms sold 171 of the 204 BTC earned from the company's regular fund management business, with total revenue of $14.6 million. According to the mining machine upgrade agreement announced on November 12, Bitfarms added 33 BTC to its treasury from the mining business and transferred 351 Bitcoins to Bitmain. Considering the funds transferred to Bitmain, Bitfarms' treasury held 870 Bitcoins at the end of November, down from 1,188 Bitcoins the previous month. Based on the Bitcoin price of $97,000 on November 30, this is worth $84.4 million.
