According to Foresight News, Bitcoin mining company Stronghold released its August Bitcoin mining and operations update. Stronghold mined 63 bitcoins in August 2024 and generated approximately 0.2mm energy revenue, equivalent to approximately 67 bitcoin equivalents, an increase of approximately 2% month-on-month.
Additionally, revenue of $4 million was generated in August, which was approximately 2% less than the previous month.
According to Foresight News, Bitfarms and Stronghold signed a final merger agreement in August and it is expected to be completed in the first quarter of next year.
